Welcome back! I've conducted a comprehensive investigation into one of Australia's most egregious fiscal inequities. The findings are staggering;
« While ordinary Australians pay full fuel excise and GST on every litre of petrol, Australia's largest mining multinationals receive billions in fuel tax refunds—effectively operating with tax-free fuel.»
Punter’s Politics ~ Transcript starts 00:00 minutes;
« You just filled up your car and as of a couple of days ago, you are back to paying a full 22 cents a liter on every bit of petrol that you get. But somewhere in the Pilbara, a mining truck just put thousands of litres into its tank and paid 0 cents a liter.
Punters, this is the great Aussie petrol scam. And the mining lobby really hate me bringing this up, punters. In this video, I want to answer one question.
Why do so many of you broke punters in my comments defend the biggest tax break foreign-owned mining cartels get from you?
Tell me.
We’re going to find out.All right, puns. Thanks to petrol prices going really high because of someone invading someone and bombing something.
Somewhere in the world again, we’re back to paying stupid prices for petrol. But the government felt sorry for us and gave us a teensy itty-bitty little discount on our fuel and we we got a sweet sweet taste of what it must be like to be a mining cartel in Australia.No tax on your fuel — ever.»
The entire 14+ minute video is a must watch - as Konrad digs deep into both the Free Fuel Subsidies — handed out to multinational mining corporations.
He also exposes the commentariat of a few Big Mining supporters, happy to have taxpayers fund these Free Fuel Subsidies.
Key Findings:
Australian motorists paid $15.71 billion in net fuel excise in 2023-24.
The Fuel Tax Credits [FTC] Scheme cost the budget $10.2 billion in 2024-25.
Mining industry receives $4.5-5 billion annually in fuel tax credits
BHP alone received $622 million in diesel fuel tax credits last financial year
The average coal mining corporation receives $26 million vs. the average farmer’s $13,000.
In a Cost-of-Living Crisis ~ Aussie govt. subsidises Mines Above Food!!
The Double Standard ~ Citizens VS Mining Multinationals
What Australian Citizens Pay:
As of February 2026:
Fuel Excise: 52.6 cents per litre
Total tax burden: Approximately 62.6+ cents per litre
What Mining Multinationals Pay:
Effective Rate: ZERO CENTS PER LITRE
Through the Fuel Tax Credits Scheme [FTCS], mining companies claim back the entire fuel excise, meaning:
They pay the same pump price initially…… and then…
Claim 100% refund of the excise component …. which negates GST…. BOOM..
Result: Tax-free fuel for their operations
Source: australian institute
Source: nicolette boele MP — and — instagram
Source: climate council
Source: australia institute
Video Discussion ~ Punter’s Politics & Ray Martin
Watch ~ Ray Martin Explains Why Punter’s Politics is Doing It All Wrong.
In this critical interview, legendary journalist Ray Martin reveals critical insights about why this system persists;
Video transcript - begins at 08:50
Punter’s P: «But and I I guess what I’m trying to communicate to punters is like we like you’ve said before, we have the power.
They can say to me, bad luck and I can say, mate, if we the people decide that you’re ripping us off, we can change the law. We can change that contract. So you better do bloody right by us.
Ray Martin: « But see, changing the law doesn’t change the contract.
A contract is a legal document and so I’m sure Albo, who was here instead of me, yeah would say yeah I’d like to change it as you say [Konrad] tomorrow except that we’ve got this bloody contract and so we’ve got to somehow work our way around the contract…. »
Read the full report — LINK HERE
War-fighting in the Middle East resulted in Gulf States declaring Force Majeure, effectively & legally breaking contracts.
Australians have been impacted by this conflict too — just because our infrastructure remains in place, does not mitigate risks to our National Security.
To be continued…. soon …. in Part 2.