Fuel Tax Cuts Proposed in Bid to Shield Drivers from Oil Price Shocks

Fuel prices are on the rise again due to disruptions in global oil supplies. To mitigate the impact, a coalition has proposed a 'fuel shield' that would automatically cut fuel taxes when the price of oil surges.

The idea is to protect motorists from the worst effects of global oil price shocks. While details of the proposal are still scarce, experts believe this could provide some relief to drivers struggling with high fuel costs.