New Zealand is halving public transport prices to
cushion the sharp rise in prices for gasoline and diesel. In
addition, the government is cutting taxes on fuel and road
tolls to protect the population from the consequences of the
international crisis.
Around the world oil
prices have skyrocketed following Russia’s invasion of
Ukraine. Prime
Minister Jacinda Ardern announced that the country is
cutting public transport ticket prices by 50% to cushion the
sharp rise in the cost of living. Additionally, the
government is lowering excise taxes on gasoline and road
tolls. These measures will apply for the next three
months.
“THE GLOBAL ENERGY
CRISIS HAS QUICKLY BECOME ACUTE. WE CANNOT CONTROL THE WAR
IN UKRAINE NOR THE CONTINUED VOLATILITY OF FUEL PRICES, BUT
WE CAN TAKE STEPS TO REDUCE THE IMPACT ON NEW ZEALAND
FAMILIES.”, ARDERN
SAID.
The New Zealand
government is struggling with a general problem of rising
living costs and costs for daily necessities in the country.
Inflation, for example, has been at an all-time high within
the last three decades and shows little sign of abating. The
cost of fruits and vegetables, for example, rose 17% over
the same 12-month period. The overall inflation reached 5.9%
by the end of 2021.
Pandemic-related interruptions to
global supply chains are also partly to blame. “The
Russian invasion of Ukraine is continuing to undermine and
destabilize global energy markets and, disruptions, this is,
sadly not over yet.”, warns Treasury Secretary Grant
Robertson.
This work is licensed under the Creative
Common License. Original source/author: Kontrast.at
/ Gerald Demmel |
Half-price public transport: New Zealand responds to rising fuel prices & inflation
The rights to the content remain with the original
publisher.
© Scoop Media
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