Labor to halve fuel excise on petrol and diesel for three months after national cabinet meeting

Move comes five days after Jim Chalmers said Labor was not considering cutting the fuel excise

Anthony Albanese has slashed the fuel excise in half in a move which will save motorists 26 cents a litre, and is encouraging people to take public transport where they can, as the national cabinet announces a plan to manage the petrol crisis.

Following a meeting of state and federal leaders on Monday, leaders also agreed to reduce the heavy vehicle road user charge to zero for three months, in a bid to support truck drivers.