fuel tax tagged posts
July 17, 2013 New Zealand Taxation
New Zealanders may have to brace to feel the sting of yet another set of tax hikes on petrol, as the government looks for more funding for Auckland’s roads.
On July 16th the Transport Minister Gerry Brownlee suggested that New Zealand could see a further hike in the taxes levied on petrol, with the raised funds being earmarked for road development projects around the country, especially in Auckland.
The Minister’s comment came shortly following the release of a new report on potential means to fund roading development in Auckland, calling for regional tax hikes and the introduction of tolls on selected roads across the city.
Gerry Brownlee ruled out government support for the regional costs increases, but mentioned that there is a possibility that the currently planned annual 3 cent hike t...Read More
July 1, 2013 New Zealand Taxation
New Zealand motorists will feel a hit to their wallet today as the first of three scheduled petrol tax hikes comes in effect today.
From today onwards motorists in New Zealand will be paying 3 cents more for every liter of petrol purchased.
The current tax rise will be followed by an additional 3 percent hike next year, and a further 3 percent increase in the following year.
Currently the total tax component on the purchase of fuel is now at more than 92 cents per liter.
According to the Minister of Transport Gerry Brownlee, the extra funds raised from the increased tax will be used to upgrade the national roading system, which will directly benefit commuters and travelers.
Petrol companies operating in New Zealand have already indicated that the increased tax will not be absorbed, and th...Read More
April 27, 2011 New Zealand Taxation
The government is attempting to ease the financial burdens felt by motorists, by delaying the upcoming increase to petrol sales. However, some are labeling the move as being purely politically motivated.
Amidst the skyrocketing fuel prices faced by New Zealanders, the government has stepped forward an announced that the petrol tax increase that was scheduled for June will be deferred for a year. The move was announced by Transport Minister Steven Joyce, in a press conference in Wellington on April 26th.
The government had planned to instate a 1.5 cents per liter increase to petrol taxes in June 2011. This will now be delayed, in favor of two increases spread out across 2012 and 2013. In total, the next two increases will bring petrol taxes up by 3.5 cents per liter...Read More
March 16, 2009 New Zealand Taxation
It has been revealed that the government is investigating the possibility of buy trains for the Auckland electrification system, in lieu of charging a regional fuel tax.
All indications had it, until last week, that the government was planning on implementing a regional fuel tax on fuel sales in Auckland. The majority of this tax would have been used to finance the electrification of Auckland’s railway system. Last week concerns were voiced about the impact that the regional tax would have on consumers, especially when coupled with the increase in national fuel taxes.
Today indications were made that KiwiRail, which is owned by the Government, would purchase the electric trains required for the system...Read More