Changes to Fuel Excise and Fuel Tax Credits from 29/09/22

Download the Resource Sheet Flyer for full information.

From 29 September 2022, the excise and excise equivalent customs duty (excise) rates for petroleum, diesel and all other fuel and petroleum-based products (except aviation fuels), will be reinstated at 46.0cpl.

To understand how this will impact the road freight sector, the Queensland Trucking Association has provided a breakdown of the key points:

• From 29 September 2022 the fuel excise will be increased to 46.0 cpl
• There is a corresponding increase in the road user charge RUC to 27.2 cpl
• The Road User Charge (RUC) is less than the excise therefore trucking operators’ benefit with a fuel tax credit (FTC) amount of 18.8 cpl.

How the fuel excise model applies for heavy vehicles

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 review being undertaken by the National Transport Commission may result in significant increases to the RUC over the next 3 years.

It is very important to remember that whatever increase is applied to the RUC by government will result in exactly the same decrease in the FTC.