Articles on fuel

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The falling oil price might take some time to translate to lower prices at the bowser. Julian Smith/AAP

The real winners and losers from the falling oil price

While this year’s relative stability in crude oil prices appears to have lulled us into a false sense of security, the dramatic fall over the last few weeks reminds us just how volatile these prices can…
Indonesia raised its subsidised fuel prices by more than 30% as an effort to escape the country’s current account deficit. EPA/Hotli Simanjuntak

Indonesia’s fuel subsidy cut, a bitter pill that had to be swallowed

Indonesia’s move to cut fuel subsidies, raising the prices of petrol and diesel by more than 30%, could be a game-changer for Indonesia’s economy. The subsidies, which have kept fuel prices in Indonesia…
Finance Minister Mathias Cormann will introduce the fuel excise indexation measure by way of putting on a tariff. AAP/Alan Porritt

Government gets round Senate on fuel

Motorists will pay more for petrol from November despite the Senate numbers not being there to pass the budget’s fuel tax…
Miners, farmers and trucking companies spoke out over rumoured cuts to fuel tax credits in this year’s budget, and the credits for off-road diesel use are now tipped to be left alone. Rebecca Le May/AAP

Viewpoints: should fuel tax credits be cut in the budget?

Tony Abbott has warned there will be “tough decisions” in tomorrow’s federal budget – but would his government risk an industry and internal backlash by cutting back on multi-billion-dollar fuel tax credits…

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