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What is petrol excise, and why does Australia have it anyway?

  • Written by John Freebairn, Professor, Department of Economics, The University of Melbourne
What is petrol excise, and why does Australia have it anyway?Bianca de Marchi/AAP

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.

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