Australia scraps subsidy

The Fuel Sales Grants Scheme provides a rebate of 1-2 cents per liter to compensate for the impact of the GST. The Petroleum Products Freight Subsidy Scheme provides grants to fuel companies to reduce the cost of transporting eligible petroleum products to remote areas of Australia. The government said that the changes were part of a range of measures introduced by the federal government to simplify the existing fuel excise system. (July 5, 2006)