New Zealand government will cut fuel excise duties by 25 New Zealand cents (16.95 U.S. dollars) a liter 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-liter tank of petrol by over 11 NZ dollars (7.46 U.S. dollars) and for a 60-liter 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,’’ 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.
