The Government’s poised to again extend the 25-cent a-litre fuel subsidy.

NZME also understands the half-price public transport scheme is also due to be pushed out.

Today will be the fourth time both schemes have been extended since the policy was launched in March last year.

Last year, the Government cut 25 cents a litre from fuel taxes, an equivalent amount from road user charges, and halved the cost of public transport tickets in response to a spike in the cost of fuel following Russia’s invasion of Ukraine.

The subsidies were supposed to just be for three months - April to June - but in Budget 2022 they were rolled over to July.

The announcement will be made at just after 11 this morning, in Auckland

It’s understood the move is designed to target cost of living pressures - pressures Chris Hipkins says are his core focus as Prime Minister.

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