Is cutting fuel excise the best way to bring down petrol prices?

One of the big winners of last Tuesday’s federal budget were motorists, when Josh Frydenberg announced a 22 cent per litre cut in fuel excise. But what really is the fuel excise tax, and what is it used for? Was it the right economic choice to cut back on fuel excise while petrol is expensive? Kat Clay, Head of Digital Communications, discusses fuel excise and what governments could do to bring down petrol prices with Marion Terrill, Transport and Cities Program Director, and Lachlan Fox, Associate. For more information, visit: https://grattan.edu.au/