Economists slam government’s fuel excise cut, warn of inflation

INFLATION WARNINGS REGARDING THE STATE’S FUEL ACTION

There’s no telling what the news agenda is this morning after the Albanian government announced it would halve fuel taxes for three months and reduce the heavy vehicle road user charge to zero.

Australian stands out this morning with the following words: “Economists warn of inflation, Labor MPs ‘surprised’ by fuel consumption cuts”, Guardian Australia ‘Australians may not see cheaper fuel for weeks despite Labor cuts’ SBS News asks the question: “Fuel duty cut on the way, but is this a big ‘mistake’ for Australian households?” ABC “Economists warn that cutting fuel duty could keep inflation high for longer,” he says. Australian Financial Review continues with: “Fuel excise tax cut hits the lower end of the budget” AAP says: “Fuel tax cuts could mean interest rate crunch” etc.