Australia Cuts Fuel Tax to Shield Drivers From Iran Impact (2)

Australia will temporarily halve its tax on fuel to shield consumers from the impact of global prices, which have surged as a deepening conflict in the Persian Gulf upends supply.

The levy on gasoline and diesel will be cut by about 26 Australian cents ($0.18) per liter from Wednesday, Prime Minister Anthony Albanese said at a press conference in Canberra. That will reduce the cost of filling a 65-liter (17-gallon) tank by nearly A$19, according to the government.

“The longer this war goes on, the worse the impacts will be,” Albanese said as he announced the three-month cut in the ...