The taxes on fuel now cost more than the petrol itself

The taxes on fuel in Australia now make up more of the cost at the pump than the price of the petrol itself.

Mark McKenzie, CEO of Australasian Convenience and Petroleum Marketers Association, told Tom Elliott when you divided the cost of fuel up, most of the $1.20 you’re paying per litre at the pump is tax.

Click PLAY below to hear him explain why on 3AW