Australia’s Fuel Tax Cut Will Take Time to Be Felt by Consumers

The impact of Australia’s move to halve tax on retail fuel prices will take time to filter through to consumers, Foreign Minister Penny Wong said in a televised interview.

“Service stations will obviously need to sell the fuel that has had the high excise rate before you’ll see that flow through to the bowser,” Wong told the Nine Network on Tuesday.

LISTEN: Will Australia really run out of fuel? (Podcast)

Listen and follow
The Bloomberg Australia Podcast
on
Apple
,
Spotify
, on
YouTube
, or wherever you get your podcasts.

A month-long conflict in the Middle East has upended the global oil trade and caused price spikes ...