Queensland Premier Unveils Major Cost-of-Living Relief Plan: Caps on Petrol Prices and Cheap Public Transport

August 6, 2024
Queensland Premier Unveils Major Cost-of-Living Relief Plan: Caps on Petrol Prices and Cheap Public Transport
  • Queensland Premier Steven Miles has unveiled a series of pre-election proposals aimed at providing cost-of-living relief, including plans to cap daily petrol price hikes.

  • Under the new scheme, the government intends to limit fuel price increases to a maximum of five cents per litre per day.

  • In addition to the petrol price cap, the government is implementing various cost-of-living initiatives, such as a 20% reduction in car registration fees and subsidized energy bills.

  • Other relief measures include $1000 energy rebates for households and a trial of 50-cent public transport fares for six months, making it the cheapest in Australia.

  • The trial for the 50-cent public transport fare began recently and aims to encourage increased usage of public transport.

  • The Labor government also plans to take over the operation of Brisbane buses from the City Council to improve service coordination with train services.

  • Additionally, Miles announced the creation of a new Independent Transport Authority to oversee Translink and enhance coordination among ferries, buses, and trains.

  • To further support these initiatives, the government plans to establish 12 state-owned petrol stations, which will operate on a cost recovery basis and offer fair pricing.

  • These petrol stations are intended to increase competition and reduce reliance on multinational corporations, with a focus on identifying areas with significant fuel price gouging.

  • This year's budget includes $3.8 billion in new cost-of-living relief, totaling $11.2 billion in concessions for residents.

  • With polls indicating that Queensland Labor is trailing the LNP ahead of the October 26 election, these proposals are part of a broader strategy to focus on cost-of-living relief.

  • Miles will formally unveil these pre-election promises during a lunchtime address to the Committee for the Economic Development of Australia.

Summary based on 4 sources


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