The Government's announced a $50 a week tax credit for families hit hardest by petrol price shocks.

The support package comes through the in-work tax credit, under the Working for Families scheme.

It'll apply for a year - or until 91 stays below $3 a litre for four weeks in a row.

Infometrics Chief Forecaster Gareth Kiernan says removing the fuel excise could have been potentially inflationary. 

"While everyone is feeling the pain at the moment, some people are feeling it a hell of a lot more than others and so I think trying to limit it to lower and middle income people is much more appropriate." 

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The Government's announced a $50 a week tax credit for families hit hardest by petrol price shocks.
The support package comes through the in-work tax credit, under the Working for Families scheme.
It'll apply for a year - or until 91 stays below $3 a litre for four weeks in a row.
Infometrics Chief Forecaster Gareth Kiernan says removing the fuel excise could have been potentially inflationary.&nbsp;
"While everyone is feeling the pain at the moment, some people are feeling it a hell of a lot more than others and so I think trying to limit it to lower and middle income people is much more appropriate."&nbsp;
LISTEN ABOVE

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We’re bringing you an exciting new era on Newstalk ZB with Matt Heath &amp; Tyler Adams Afternoons.
With years of media and broadcast experience between them, this team brings a fresh and unique perspective to your weekdays.
Matt and Tyler dive into the latest news stories, share their opinions, and engage with their listeners weekdays on Newstalk ZB.

Matt Heath and Tyler Adams dive into the latest news stories, share their opinions, and engage with their listeners weekdays on Newstalk ZB.

Matt Heath & Tyler Adams Afternoons

Gareth Kiernan: Infometrics Chief Forecaster on the Government's fuel crisis relief plan

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7e5acd96-f736-4834-b171-b417002a78bb/transcript