Labor agrees to fuel excise increase

Having previously told Tasmania the Federal Government should give us a break on high fuel prices by dropping fuel taxes, Labor has agreed to an increase on the excise equating to around 40 cents a tank.

At this year's Agfest, Opposition leader Bill Shorten suggested Prime Minister Tony Abbott had the power to relieve Tassie of the burden of expensive fuel.

Now, Shadow Infrastructure Minister Anthony Albanese explains the party will wave through a tax hike in exchange for an extra 1-billion-dollars spent on upgrading regional roads.

“Most of this injection of investment, $1.1 billion will go to job creation directly in local communities, according to the priorities that are set by those local communities.”