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Government halves fuel excise for three months to cut pump prices

politicsMar 30, 20262180

The government has halved the fuel excise on petrol and diesel for three months, cutting pump prices by 26.3 cents per litre. The reduction applies nationwide and takes effect immediately as short-term relief for household transport costs. Officials present the move as temporary cost relief for motorists. Economists warn the cut is inflationary and will increase pressure on the Reserve Bank to raise interest rates.

Key Highlights

Fuel excise cut by 26.3 cents per litre for three months
Cut applies to petrol and diesel nationwide, lowering pump prices immediately
Economists warn the move may stoke inflation and pressure the Reserve Bank

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