Fuel tax credits – rate change

Posted on August 14th, 2017 admin No comments

On 1 August 2017, fuel tax credit rates increased. Some of these rates also changed on 1 July 2017, due to a change in the road user charge and an annual increase to excise duty rates on biofuels.

Fuel tax credit rates change regularly – they are indexed twice a year, in February and August, in line with the consumer price index (CPI).

Below are the rates for fuel acquired from 1 August 2017 to 31 January 2018.

Eligible fuel type	Unit	Used in heavy vehicles for travelling on public roads	All other business uses (including to power auxiliary equipment of a heavy vehicle)
Liquid fuels, i.e., diesel or petrol	Cents per litre	14.5	40.3
Blended fuels: B5, B20, E10	Cents per litre	14.5	40.3
Liquefied petroleum gas (LPG) (duty paid)	Cents per litre	0.0	13.2
Liquefied natural gas (LNG) or compressed natural gas (CNG) (duty paid)	Cents per kilogram	0.0	27.6
Blended fuel: E85	Cents per litre	0.0	10.55
B100	Cents per litre	0.0	2.7

Claims for packaging or supplying fuels can use the ‘all other business uses’ rate for the appropriate eligible fuel type.

For businesses that claim less than $10,000 in fuel tax credits in a year, to simplify your claim use the rate that applies at the end of the BAS period.

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