Savvy modelling shows that the Australian Government is missing out on close to $360 million every year in fuel excise revenue due to the uptake of electric vehicles, and the figure is only rising. With the country’s EV fleet reaching 500,000 and counting, the decreasing market share of internal combustion engine (ICE) vehicles is causing…
Tag Archive for Fuel
Savvy: 76% of Australians under financial stress from petrol prices
by themovieboards - Editor •
A survey of 1,077 Australians has found that the current fuel situation in Australia is causing huge financial stress. ● 76% of respondents, equivalent to 21 million Australians, said that current fuel prices are causing them either moderate or major financial stress ● Rising fuel costs have forced 80% of Aussies to cut back on…
FuelCheck App Expanded to ACT
by themovieboards - Editor •
Canberra motorists will have access to real-time fuel pricing comparisons across the ACT after the NSW FuelCheck app was expanded into the ACT. The ACT Government, in collaboration with the NSW Government, is introducing the NSW FuelCheck scheme to the ACT as part of a six-month pilot. Prices will be displayed per litre, without any…
ACCC To Monitor Fuel Excise Cut
by themovieboards - Editor •
The ACCC notes that the Federal Budget announcement of a six-month reduction in fuel excise from midnight. Under direction from the Federal Government, the ACCC currently monitors fuel prices, costs and profits and reports on these each quarter. The ACCC can compel refiners, importers, terminal operators, wholesalers, and retailers to provide information relating to fuel…
FuelWatch Site hits record Million visits in a month
by themovieboards - Editor •
The FuelWatch website has reached an all-time record with more than a million visits in a month from motorists on the hunt for Perth’s cheapest fuel. “The record number of people seeking fuel price information indicates the growing popularity of FuelWatch and how valuable the community finds this service.” Western Australian Commerce and Industrial Relations…