Cuts by world’s biggest petrol producers will work against other governments’ efforts to tame inflation by releasing fuel stocks
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Australian motorists could be hit by higher petrol prices as the world’s largest oil exporting nations cut production, analysts say.
The Australian government reinstated the full fuel excise tax in September after the Morrison Coalition government introduced a temporary, six-month cut to lower the cost of fuel at a time of rising inflation.
Continue reading…Cuts by world’s biggest petrol producers will work against other governments’ efforts to tame inflation by releasing fuel stocksGet our morning and afternoon news emails, free app or daily news podcastAustralian motorists could be hit by higher petrol prices as the world’s largest oil exporting nations cut production, analysts say.The Australian government reinstated the full fuel excise tax in September after the Morrison Coalition government introduced a temporary, six-month cut to lower the cost of fuel at a time of rising inflation. Continue reading…