SYDNEY — Motorists in Australia can expect to cough up even more for petrol at the servo over the next four years, with the Liberal Government raising the fuel tax.
The Australian Federal Government announced on Tuesday it will raise the tax over the next four years, even with a majority of Senate opposing the legislation
This is another hard hit for motorists, who are already forking out around $1.49 cents a litre, based on last week’s average.
The tax will rise from 38.143 cents per litre to 38.6 cents per litre, seeing revenue of $4 billion over a four year period. This means a household consuming 50 litres of fuel a week will pay an extra 40 cents a week. Read more…