Fuel Tax Credits Update- September 2022

The fuel tax credit rates below have changed, effective 29 September 2022. Different fuel tax credit rates will need to be claimed for fuel acquired before and after September 28.

Fuel purchased for on-road use in eligible heavy vehicles
New rate: 18.8 cents per litre (previously no claim).

Fuel purchased for powering auxiliary equipment and vehicles undertaking off-road activities
New rate: 46.0 cents per litre (previously 22.1 c per litre).

Please be aware that your fuel levies will need to be adjusted, please get in contact with your accountant to help you with this adjustment.

For more information regarding the reinstating of the full fuel excise, please refer to the below articles.

Federal Government Restores FTC With a Twist

This will Make Life Tough for Truck Operators: RUC and Diesel to Rise

For the ATO fuel tax credit calculators, please click here.

Please call our office (03 5833 3000) should you have any queries.