Prime Minister Scott Morrison has highlighted tax cuts for families to deal with rising living costs, while the Cabinet is examining whether to make a controversial change in fuel taxes, with analyzes showing that a cut of just 1 ¢ per liter would cost the heavily indebted budget 500 million dollars. one year.
Sir. Morrison is under pressure due to expensive gasoline and inflation is on track to reach its highest level in 14 years within months. His New Zealand colleague, Jacinda Ardern, responded to the pressure on the cost of living yesterday by cutting fuel taxes by NZ25 ¢ per liter over the next three months.
Gasoline and diesel prices have risen sharply over the past two months. Fuel price monitoring website MotorMouth recorded average lead-free prices at a record high on Monday of 216.5 ¢ per liter in Sydney and 212.5 ¢ in Melbourne.
Morrison, who campaigned in Dobell’s marginal NSW seat, said while appreciating the pressure caused by high gasoline prices, the government believed tax breaks could provide long-term relief for families.