Everyone seems to agree that a five-cent-per-litre reduction in the fuel excise on petrol is not a significant amount. However, this five cent reduction would cost the country billions of dollars each year. We all want to reduce our fuel bill (and our grocery bill) as well as reduce carbon emission and pollution, but how can this be achieved both in the short term and over the next 10, 20 and 50 years? I believe the problem we are all facing is not the price of petrol, but the limit of alternatives.
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Fuel Excise Reduction not a Policy for the Future
