Federal government cuts fuel excise for three months to ease petrol prices and boost supply confidence

The federal government will reduce the fuel excise by half for three months, leading to a decrease in petrol prices by 26.3 cents per litre. This decision aims to ease the cost of living for consumers.

The measure comes after all states and territories agreed to a National Fuel Security Plan with the federal government. Prime Minister Anthony Albanese stated that the plan will help reassure Australians that the fuel supply crisis is being effectively managed.

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