What should the government do about petrol prices?
Sunday, May 25th, 2008
The “hot topic” in the press in Australia at the moment has been centred on what action the Government should take on the current soaring petrol prices. With petrol prices recently rising from $1.30 a litre to over $1.60 in only a few weeks, many Australian families are spending more and more on the family car.
The Federal Government is setting up a FuelWatch scheme to encourage better competition and allow motorists to find the cheapest price. The Opposition is suggesting lowering the excise currently charged on petrol by 5c per litre. Unsurprisingly, each side of politics is quick to point out why their plan is superior!
While both options might offer some minor… Continue reading






