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Guardian Essential poll: Australians want higher tax on gas exports and extension of petrol excise cut

A Guardian Essential poll of 1,067 voters shows strong public backing for energy-related policy changes that could influence markets: 68% want the temporary petrol excise cut extended and 57% support taxing profits on gas exports. The survey also highlights a deterioration in economic confidence — CPI rose to 4.6% year‑on‑year in March and 55% expect the economy to worsen over six months — which could weigh on the Australian dollar and domestic demand. Voters report behaviour changes (reduced travel, more public transport, lower heating/AC use) that may soften fuel consumption. The results increase pressure on the government ahead of the budget, raising the prospect of policy measures (biofuels, tax adjustments) with potential implications for energy prices and AUDUSD volatility.

Category

AUD/USD

Sentiment

Mixed

Event

Policy impact

Reading time

1 min