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World & Business

Coalition proposes halving Australia's fuel excise during price shocks

Angus Taylor says the proposed Fuel Price Shield would save motorists up to 27 cents a litre, or around $15 a tank.

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3 Sources, 10d ago, first seen 10d ago

TLDR

On September 20, 2026, Angus Taylor outlined the Coalition's Fuel Price Shield: a proposal to halve Australia's fuel excise when fuel prices average US$100 a barrel for two weeks. Taylor said the plan would protect drivers from price shocks, with savings of up to 27 cents a litre, or around $15 a tank.

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37.7K

3 Sources, first seen 10d ago

392 likes396 comments15 saves60 reposts

Combined views

37.7K

3 Sources, first seen 10d ago

392 likes396 comments15 saves60 reposts

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Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

3 Sources

@AngusTaylorMPWhen global oil prices spike, Australians shouldn’t be left to wear the pain. We have a plan to protect drivers from fuel price shocks. When fuel prices average US$100 a barrel for two weeks, we’ll halve the fuel excise—saving motorists up to 27 cents a litre, or around $15 a tank. The Coalition’s Fuel Price Shield will protect Australians and help to keep costs down.
@vijayprashadThe restriction of trade through the two straits and the rise in oil prices is thanks to the war of aggression prosecuted by the United States and Israel against Iran.
@GABI_intermilanOil still looks like it has room to run. Stronger-than-expected economic activity, rising energy demand from AI/data centres, and ongoing Middle East tensions are keeping the upside case alive. Brent is already up significantly, but the bigger question is whether this momentum can continue. I’m watching oil closely here.
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    3 Sources

    @AngusTaylorMPWhen global oil prices spike, Australians shouldn’t be left to wear the pain. We have a plan to protect drivers from fuel price shocks. When fuel prices average US$100 a barrel for two weeks, we’ll halve the fuel excise—saving motorists up to 27 cents a litre, or around $15 a tank. The Coalition’s Fuel Price Shield will protect Australians and help to keep costs down.
    @vijayprashadThe restriction of trade through the two straits and the rise in oil prices is thanks to the war of aggression prosecuted by the United States and Israel against Iran.
    @GABI_intermilanOil still looks like it has room to run. Stronger-than-expected economic activity, rising energy demand from AI/data centres, and ongoing Middle East tensions are keeping the upside case alive. Brent is already up significantly, but the bigger question is whether this momentum can continue. I’m watching oil closely here.
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