Australia has cut in half its taxes on gasoline and diesel and removed a tax on heavy vehicles to counter the economic impacts of soaring fuel prices.
The government announced on Monday it expects the tax reductions will cost federal coffers 2.55 billion Australian dollars ($1.74 billion) over three months.
Prime Minister Anthony Albanese told reporters in Canberra that taxes on gas and diesel will be halved to 26.3 Australian cents a liter (68.2 cents a gallon) from Wednesday.
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