Notice:
On 29 March 2022, the Australian Government announced that excise and excise equivalent customs duty rates for petrol, diesel and all other fuel and petroleum-based products (except aviation fuels) will be halved for 6 months. This will apply from 30 March 2022. These changes are not yet law and are subject to royal assent. For more information see Budget 2022-23 – Fuel excise fact sheet
Heavy vehicles on public roads:
Heavy vehicles travelling on public roads have their fuel tax credit reduced by the RUC. This means that not all fuel excise is refunded for heavy vehicles travelling on public roads.
The Government is not changing the existing RUC arrangements for heavy vehicles travelling on public roads, but the temporary reduction in fuel excise will provide a net benefit for heavy vehicle operators of 4.3 cents per litre from 30 March, compared to current settings.
This is because the RUC is currently 26.4 cents per litre of fuel used and, from 30 March 2022, the excise paid by heavy vehicles will be 22.1 cents per litre, which is less than the RUC. The Fuel Tax Credit (FTC) for heavy vehicles on public roads will reduce to nil.
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