June 28, 2022

News Collective

Complete New Zealand News World

New Zealand cuts fuel tax due to Russian invasion of Ukraine

New Zealand cuts fuel tax due to Russian invasion of Ukraine

New Zealand Prime Minister Jacintha Artern

Government of New Zealand on Monday reduced fuel taxes and public transport fares in response to rising costs of living in the maritime country. As a result of the energy crisis caused by the Russian invasion of Ukraine.

“The global energy crisis is rapidly deteriorating, which is why the government has taken a step forward to reduce fuel taxes.”Prime Minister Jacinta Artern said in a statement.

Over the next three months, fuel taxes and tolls of NZ $ 0.25 ($ 0.17 or € 0.15) per liter will be reduced, saving about NZ $ 11 ($ 7.46) or 6.84 euros to fill a 40-liter tank, the official said.

Similarly, the government will halve public transport fares over the same period as part of a relief package in response to rising costs of living, including increases in family subsidies and contributions to pension funds.

“We can not control the war in Ukraine or the continuing fluctuations in fuel prices, but we can reduce the impact on New Zealand families.”Ordn insisted.

According to New Zealand Finance Minister Grant Robertson, the price of petrol, the 91 most widely used by his comrades, has risen by 15 per cent since the beginning of the year until last week, largely due to the conflict in Ukraine.

Fuel tanker truck to service station
Fuel tanker truck to service station

In the midst of the energy crisis caused by the Russian invasion of Ukraine, petrol and diesel have surpassed their record high for several weeks, and it appears that there is no end in sight after the US and UK sanctions on Russian crude oil.

See also  New Zealand list released

In recent days, the government New Zealand announced on Monday that it would impose “significant” new sanctions on Russia. Including oligarchy, individuals and organizations responsible for or associated with the invasion of Ukraine.

“Such a bill has never been brought before our parliament, but since Russia has vetoed UN sanctions, we must act to support Ukraine and our partners in opposing this invasion.”According to the newspaper, Prime Minister Jacinta Order highlighted ‘New Zealand Herald’.

Artern explained that sanctions would allow Russian assets in New Zealand to be frozen, prevent individuals and companies from moving their money and assets into the country, and prevent boats, ships and planes from entering New Zealand waters or airspace.

“When we first responded to Russia’s invasion by targeting travel bans, suspending military exports and suspending bilateral foreign office consultations, we said we had no choice at the table.”The Prime Minister added.

Thus he insisted “The bill also allows for sanctions against other states that are complicit in Russia’s illegal activities, such as Belarus.”

Andern has expressed sadness to the Russian people and stressed that sanctions should affect “decision-makers” in Russia.

(With information from EFE)

Continue reading: