Government fuel tax

2022 - 3 - 14

fuel taxes

Post cover — Image courtesy of "Stuff.co.nz"

National Party leader Christopher Luxon says Government's fuel tax ... (Stuff.co.nz)

National Party leader Christopher Luxon said the Government's fuel tax cut was a “reactive” move after it denied the “cost of living crisis” for weeks.

Finance Minister Grant Robertson was “addicted to spending”, he said. “The global energy crisis has quickly become acute, which is why the Government has stepped in to cut fuel duty. “The Government’s highly reactive.

National leader Christopher Luxon attributes fuel tax cut to 'pressure ... (Newshub)

It came after the Opposition declared a "cost of living crisis" with inflation at 6 percent - a three-decade high - and the cost of unleaded petrol more than $3 ...

Fuel Tax Cuts Way Too Tentative | Scoop News (Scoop.co.nz)

The reduction in fuel taxes announced by the government today are welcome but are an incredibly tentative step given the enormous increase in fuel prices in ...

They would have made a substantial difference to the cost of transporting goods to wholesalers and retailers, easing the pain for motorists and keeping prices on shop shelves down. It could also have provided a rebate scheme for off road farm machinery and a complete removal of petrol taxes for couriers and taxis. It should have stopped charging Road User Charges from midnight for all commercial vehicles and agricultural contractors and refunded all Road User Charges for those vehicles unused at that point.

Opposition parties give government 'fail' grade over temporary fuel ... (RNZ)

Opposition parties across the political spectrum have given the government a 'fail' grade over its temporary fuel tax cuts.

"We could have given $750 [each year] back to an average family of four. "It is something that we haven't really seen before, the government looking to reduce excise taxes specifically. "They all seemed very amenable to these changes. "What we have to ensure is that any price rise isn't an increase in the profit margins of their fuel companies." "What we have to ensure is that any price rise isn't an increase in the profit margins of their fuel companies" - Minister of Energy Megan Woods "What we have to ensure is that any price rise isn't an increase in the profit margins of their fuel companies" - Minister of Energy Megan Woods duration 7:39 "But we know we have to monitor this because the price of petrol could well go up again depending on what happens with the price of crude and the price internationally for the price of refined product. People deserve a break. While it was a crisis of pricing, there was "absolutely no issue with the physical supply of fuel in the country", Woods said. They can see on the forecourts of their petrol stations the impact this is having on Kiwis when they fill up their cars." "The best way we think to do that is adjusting the tax thresholds; returning the extra tax Labour's grabbing from inflation back to people so they've got cash in their pockets." But in terms of looking to achieve what they are trying to ... it's one they have been able to do really quickly and swiftly and really have an immediate impact on the petrol prices.

Luxon says Govt reacting to pressure, Finance Minister 'addicted to ... (Newstalk ZB)

The Government's fuel tax relief and public transport package is being welcomed politically but all opposition parties agree much more needs to be done to.

Act Party leader David Seymour said the 25c reduction was "a fraction" of what it could have done. "Everyone should have what they need to make ends meet. Te Pāti Māori co-leader Debbie Ngarewa-Packer said it was good to see the Prime Minister acknowledge the "pain and crisis people are in". "We're opposing the Government and we're proposing ideas," Luxon added. He said Labour was reacting to pressure from the public, the media, and the Opposition. He said recent actions typified the Government's lack of a master plan and susceptibility to pressure.

Fuel boss says price drop 'a game-changer' (Otago Daily Times)

The cuts have been labelled a "game-changer" by Gull boss Dave Bodger, who says motorists may face even further drops in price. Prime Minister Jacinda Ardern ...

Every adult would receive a reduction in their tax bill by that amount, plus their dependent children's share," Seymour said. The current Government raised it by 10.5c. "We are also making it cheaper for those who catch a bus or a train. When GST is included, the cut totals 29 cents a litre. The Government would make up for the revenue lost as a result of the cuts to fuel taxes and road user charges by giving Waka Kotahi a grant from the Covid fund of about $350m. But one of the candidates vying to replace him, Viv Beck said she would get rid of the tax within 12 months of becoming mayor, saying the tax was "hurting Aucklanders at a time when families across the city are already feeling the pinch." He also warned the loss of revenue would mean "less ability to borrow within debt to revenue constraints". Pentecost said she would have rather have seen a further increase in superannuation payments to give some of the more vulnerable older people a little bit more discretionary money so they had a little bit more in their pockets. As a general rule he said a dollar a barrel amounted to a cent per litre, with a cent on the freight exchange amounting to a cent per litre. Bodger said Gull would be looking to do whatever it could following Energy Minister Megan Woods' request to provide a seven day rolling average of its margins, but he wasn't sure it could do it in the specific way they had asked for it. Ardern said the changes would mean savings of "$11 a tank to $17 a tank." She said the crisis in Ukraine had brought about a "global energy crisis".