New Zealand government will cut fuel excise duties by 25 New Zealand cents (16.95 U.S. dollars) a litre for three months as part of a cost-of-living relief package for Kiwi households.
Prime Minister Jacinda Ardern told a press conference on Monday that from Tuesday fuel excise duties and road user charges will be reduced by 25 cents each.
He said from April 1, public transport fares will be halved as part of a package of measures to reduce transport cost pressures on middle and low-income households.
“The move will reduce the cost of filling up a 40-litre tank of petrol by over 11 NZ dollars (7.46 U.S. dollars) and for a 60-litre tank, over 17 NZ dollars (11.53 U.S. dollars).
“Halving the public transport fares will provide an alternative to filling up the car tank,’’ the prime minister said.
New Zealand saw a more than 15 per cent increase in the price of 91 petrol between beginning of the year and last week.
Xinhua/NAN
