Albo squirms as Stefo pushes gas taxes

David Llewellyn-Smith

Thursday 26 February 2026

Punter’s Politics is spot on about the gas cartel today.

The excise on beer is significantly higher than what we collect via the Petroleum Resources Rent Tax (PRRT):

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.