It's going to be a hard road for many. Even with a cut in the excise/gst. Increased oil prices will also effect transport, plastics and many other items and can only increase the cost of living.
Belt tightening is now firmly on the agenda.
Maybe the gov should look at incentives for more oil exploration in our own backyard so that we become less reliant on overseas scources. Although if we still benchmark against the Tapis price it may not achieve any reduction in the price of petrol.
