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Update on Fuel Excise and Fuel Tax Credit Rate
The Australian Government has announced a further cut to the fuel excise which changes the rate of the fuel tax credit rate for the road freight industry.
See below the updated graph showing the impact of the changes. Please note this is also pending until updated on the ATO website.
Prime Minister's Media Release 2/4/26
Excerpt
Using the legislation passed this week, the Treasurer will today issue a determination to reduce the fuel excise by an additional 10.9% for the period from 1 April to 30 June, giving effect to the welcome announcement by the states today.
For petrol and diesel, this translates to an additional 5.7 cents per litre. Combined with the halving of fuel excise already legislated by the Government, the total reduction in excise on petrol and diesel will be 32 cents per litre.
