Fuel Tax Credit Changes 2023-2024
Fuel Tax Credit Rates
Remember, the rate that applies is based on the date you acquired the fuel.
Rates for Fuel Acquired from 1 August 2023 to 4 February 2024
| Eligible Fuel Type | Use in Heavy Vehicles (cents per litre) | All Other Business Uses (cents per litre) |
| Liquid Fuels (e.g., diesel or petrol) | 20.0 | 48.8 |
| Blended Fuels (B5, B20, E10) | 20.0 | 48.8 |
| Blended Fuel (E85) | 0 |
20.92
|
| Liquefied Petroleum Gas (LPG) (duty paid) | 0 | 15.9 |
| Liquefied Natural Gas (LNG) or Compressed Natural Gas (CNG) (duty paid) | 0 | 33.4 (cents per kilogram) |
| B100 | 0 | 13.0 |
Rates for Fuel Acquired from 1 July 2023 to 31 July 2023
|
Eligible Fuel Type
|
Use in Heavy Vehicles (cents per litre) |
All Other Business Uses (cents per litre) |
|
Liquid Fuels (e.g., diesel or petrol) |
18.9
|
47.7
|
|
Blended Fuels (B5, B20, E10) |
18.9
|
47.7
|
|
Blended Fuel (E85) |
|
20.415
|
|
Liquefied Petroleum Gas (LPG) (duty paid) |
0 |
15.6 |
|
Liquefied Natural Gas (LNG) or Compressed Natural Gas (CNG) (duty paid) |
0 |
32.7 (cents per kilogram) |
|
B100 |
0 |
12.7 |
Note 1: As of 1 November 2019, the rate for heavy vehicles includes fuel used to power passenger air-conditioning of buses and coaches.
Note 2: Claims for packaging or supplying fuel can use the ‘all other business uses’ rate for the appropriate eligible fuel type.
Note 3: Fuel tax credit rates will change for fuel used in a heavy vehicle for travelling on a public road due to changes in the road user charge. The heavy vehicle road user charge will increase by 6 percent each year over 3 years from 28.8 cents per litre for petrol and diesel in 2023–24, to 30.5 cents per litre in 2024–25 and to 32.4 cents per litre in 2025–26.
Note 4: The road user charge rate for gaseous fuels per kilogram will increase from 38.5 cents per kilogram in 2023–24, to 40.8 cents per kilogram in 2024–25, and to 43.2 cents per kilogram in 2025–26. Currently, the road user charge reduces fuel tax credits for gaseous fuels to nil.
We encourage you to use the fuel tax credit calculator provided by the ATO to accurately report on your Business Activity Statement (BAS). This tool will incorporate the latest rates and provide a straightforward calculation process.
For more information contact us on (03)58 333 000
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