What is petrol excise, and why does Australia have it anyway?
- Written by John Freebairn, Professor, Department of Economics, The University of Melbourne
One government, in New Zealand, has already cut its fuel excise, by 25 cents per litre for the three months it hopes will be the worst of the oil price crisis, and in the United States and Australia there’s talk of the same sort of thing.
Before considering whether it should be cut, temporally waived, or removed in this...