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Chalmers rubbishes Coalition ‘price shield’ as fuel shock deepens
The plan would cut fuel excise by 27c a litre and save motorists about $15 a tank when Brent crude tops US$100, the Coalition said.
- On Sunday, Opposition Leader Angus Taylor proposed a 'Fuel Price Shield' to automatically halve fuel excise by about 27 cents per litre when Brent crude oil prices exceed $US100 per barrel for two weeks.
- Taylor claims the policy is 'fully funded' by cutting the tobacco excise by 80 per cent, a move the Coalition says will raise $8 billion to protect motorists from global oil price shocks.
- Economist Chris Richardson criticized the proposal as a 'bad bandaid' that worsens inflation, noting fuel tax cuts simply add to the money 'sloshing around Australia,' raising other prices.
- Treasurer Jim Chalmers rejected the policy as 'uncapped and unfunded,' claiming it is 'more about polling numbers than petrol prices' as the Coalition faces pressure from One Nation.
- While the government is not currently discussing a return to excise relief, Chalmers stated it has 'shown a willingness over time to respond to the economic conditions' if circumstances deteriorate.
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12 Articles
The Epoch TimesReposted by 
The Queenslander
The QueenslanderFuel ‘Shield’ Would Spare Drivers Worst of Price Shocks
Leader of the Opposition Angus Taylor takes questions during a television interview at Parliament House in Canberra, Australia on May 13, 2026. (Hilary Wardhaugh/Getty Images)
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Coverage Details
Total News Sources12
Leaning Left5Leaning Right2Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 30%
R 20%
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