New Zealand Cuts Fuel Tax to Temper Surging Gasoline Prices
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New Zealand is temporarily reducing fuel taxes to temper gasoline prices that have soared after Russia’s invasion of Ukraine.
The government will cut fuel excise duties by 25 New Zealand cents a liter for a period of at least three months, effective from tonight, Prime Minister Jacinda Ardern told a news conference in Wellington on Monday. It will reduce road user charges for diesel vehicles by the same amount, and also halve public transport fares from April 1, she said.