FED tagged posts
September 30, 2009 New Zealand Taxation
The 1st of October will see an increase in the prices paid by New Zealanders for petrol.
Fuel Excise Duty (FED) and Road User Charges (RUC) charged across New Zealand are to be increased on October 1st. Prices of petrol at the pump will be 3 cents higher and RUC will increase 10% for small diesel cars and vehicles weighing up to ten tonnes, while heavy trucks will only see 3%-6% added to their charges.
According to statements by Steven Joyce, New Zealand Transport Minister, the three cent FED rise is comprised of a 1.5 cent annual increase as scheduled by the previous government and another 1.5 cents aimed at subsidizing the now removed regional fuel tax...Read More