ECONOMY
How will Budget 2022-23 affect the transport industry?
THE PRICE OF FUEL AND A SHORTAGE IN SKILLS IS IMPACTING AUSTRALIA’S ROAD TRANSPORT BUSINESSES. WILL THE BUDGET ALLEVIATE OR COMPOUND THESE ISSUES? The Federal Government has unveiled a
One of the most relevant changes to come
“I welcome the cut to the fuel excise, every
plan for a stronger economic future which
out of this Budget is a 50 per cent reduction
time Australians, be it motorists or the
is reported to deliver more jobs, and work
on the fuel excise for the next six months. The
transport sector, fill up their tank, for the
towards unemployment of below 4.0 per
excise on petrol and diesel will be cut from
next six months months,” said Buchholz.
cent; drive investment in stronger defence,
44.2 cents per litre to 22.1 cents per litre and
“Whether you’re line haul between capital
borders and security; continue investment
is expected to ‘flow’ through to lower petrol
cities or running round the city, it will cost
in health, education, women’s safety and
prices over the next fortnight.
truckies less.
essential services; relieve some costs for
Assistant Minister for Road safety and Freight
“This cut in fuel excise will flow through
Australians and small businesses; and maintain
Transport, Scott Buchholz, said he couldn’t
to the bowser over the next two weeks as
momentum with investments in roads, rail,
remember a period of time when Australia
retailers replenish their stocks.
dams and renewable energy technology.
had such a significant cut to fuel excise.
“In keeping with our strong support for the
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Trailer Magazine MAY 22
