Fed: 10 cent cut to petrol excise would cost $3b, says Howard

AAP General News (Australia)
08-02-2006
Fed: 10 cent cut to petrol excise would cost $3b, says Howard

JOHN HOWARD says cutting petrol excise by 10 cents a litre would punch a three-billion
dollar hole in the budget .. and the money would be better spent elsewhere.

The government is under pressure to cut the petrol excise .. which was last reduced in 2001.

But the prime minister has told Southern Cross broadcasting that cutting excise to
the point where it would make a significant difference to petrol prices involves a huge
cost.

AAP RTV rp/ibw

KEYWORD: PETROL HOWARD (CANBERRA)

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