Cheap fuel a thing of the past
TWEED motorists are likely to pay eight cents-a-litre more for fuel this morning after the border fuel subsidy was cut last night.
The 8.35c subsidy was origin- ally introduced so New South Wales businesses could compete fairly with those in Queensland, where a subsidy was also in place. But now, both the Queensland and New South Wales governments have scrapped the subsidies, which is expected to send the price of fuel back up.
Professor Ian Eddie, director of the Graduate College of Management at Southern Cross University, has said the fuel hike will have far-reaching impacts and drive up food and grocery prices.
Tweed MP Geoff Provest has called on the Government to spend the $44 million it will save every year from the cut in the Tweed region.