But the overall benefit for drinkers from the measure announced by the federal government on Saturday might only work out to cents, not dollars.
Indexation levels on draught beer will be put on ice for two years from August if Labor is returned to government in the election due by May 17.
Prime Minister Anthony Albanese has billed it as a win for beer drinkers, brewers and the hospitality sector.
Asked if this meant just a couple of cents off the price of a schooner - which usually measures 425ml - Mr Albanese said "everything makes a difference".
"This is something that has been requested for a long time by the hoteliers, clubs and by small operations," he said while standing inside the Bob Hawke Beer and Leisure Centre in Marrickville in the heart of his electorate of Grayndler.
"What this does very clearly ... is send a message to beer drinkers that for two years there is a freeze on excise."
Treasurer Jim Chalmers said changes to beer taxes would ease production costs across multiple sectors.
"This is a modest change, but will help take a little bit of the pressure off beer drinkers, brewers and bars," Dr Chalmers said.
The excise rate per litre of alcohol goes up each February and August.
The beer excise rises in line with inflation and currently ranges in price from $10 to $43 per litre, depending on the amount per container and its alcohol content.
According to Australian Hotels Association, the nation's beer tax is the third highest of all the country members of the Organisation for Economic Co-operation and Development.
While the industry might have welcomed the beer excise freeze, the spirits industry has been left out.
Talks are set to take place with the brewery and hospitality sectors ahead of the beer excise freeze coming into effect.
The new policy comes after brewers, distillers and wine producers were told last week they would be getting tax relief measures.
The government recently announced it would increase the amount refunded to the alcohol producers from $350,000 to $400,000.
Mr Albanese could call the election within a matter of weeks.
While the poll must be held on or by May 17, it's been widely tipped voters will head to the ballot box some time in April.
The latest YouGov poll showed the coalition ahead of Labor on a two-party preferred basis, leading 51 per cent to 49 per cent.
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