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“As of today, at an national average retail price of 197.2 cents per litre, we’re paying 49.6 cents per litre in fuel excise and 17.9 cents per litre in GST – so roughly 67.5 cents a litre, or 34 per cent of the average retail price, in federal government taxes,” explained Mark McKenzie, CEO of the Australasian Convenience and Petroleum Marketers Association (ACAPMA).
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