Fuel excise cut delivers consumer confidence dead cat bounce

Wednesday 8 April 2026

I wrote on Tuesday about how last week’s temporary halving of the fuel excise was incredibly popular among Australian voters.

A Roy Morgan SMS Poll showed that 83% of Australians aged 18+ approve of the federal government’s temporary cut to the fuel excise on petrol and diesel, while only 17% disapprove.

Support was strong across all political parties and demographics, according to Roy Morgan.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.