Soaring world crude oil prices have direct impact at the bowser. Australia is not well insulated from price shocks.
Articles on fuel costs
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Opposition leader Peter Dutton will promise in his Thursday budget reply that a Coalition government would immediately halve the fuel excise on petrol and diesel.
Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
Labor has put fuel efficiency rules on the agenda. But the standards must be stringent and purpose-built for Australia.



