Fuel prices to fall another 5.7 cents a litre after states and Canberra strike GST deal

Australian prime minister Anthony Albanese announces GST revenue on fuel sales to be used to reduce fuel costs by a combined 32 cents a litre

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A deal with the states to return GST revenue on fuel sales will knock another 5.7 cents off the price of petrol for three months, bringing the total reduction to 32 cents a litre after this week’s halving of the fuel excise.

The government said the 26.3 cent reduction in the fuel tax and the GST deal would cut the cost of filling a 65-litre vehicle by nearly $23.