Australia To Halve Fuel Tax As Global Energy Crisis Deepens

Leadership | 31-03-2026 08:24pm |

Australia’s government will slash petrol and diesel taxes by half amid a surge in fuel prices prompted by the US-Israel war on Iran. Australian Prime Minister Anthony Albanese made the announcement on Monday as the international benchmark for crude oil rose above $116 a barrel, its highest level in nearly two weeks, amid escalation on

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