BREAKING NEWS
Major blaze at Auckland plastics factory; trains stopped, 100 firefighters at scene ... Read more
Close

Govt to hike petrol taxes

HAMISH RUTHERFORD
Last updated 09:59 18/12/2012

Relevant offers

Politics

Helen Clark continues to lag in new straw poll on next United Nations chief South Auckland motel residents 'pressured out' despite promises, tenant says No show from Education Minister at school union conference PM Key looking to underdog Trump to beat expectations in first debate with Clinton Greens won't stand candidate in any Mt Roskill by-election Calls for crack down of Destination Wellington 'slush fund' from within council BMW and Charge Net to create 'electric highway' in NZ by 2018 My open letter to MP Louise Upston about dangerous dogs Neil Quigley replaces Rod Carr as chairman of the Reserve Bank of New Zealand John Key promotes Helen Clark. Andrew Little distances himself from her views. Say what?

The Government has announced plans to hike the price of driving, adding 9 cents a litre to the price of petrol by 2015.

In each of the next three years, the Government will impose a 3 cents a litre to the excise tax component of petrol.

Each cent added to the pump price of petrol adds about $15 to the running cost for the average motorist.

"The Government is keen to keep overall costs down for households and business. The cost of living, as measured by consumer inflation, is at a 13-year low and interest rates are at 50-year lows,'' Transport Minister Gerry Brownlee said in a statement.

"This announcement allows businesses and motorists to plan for the increases," he said.

Brownlee said the excise tax rise, which will be matched by higher road user charges on diesel, were required to deliver the roads of national significance, and maintain the value of the Land Transport Fund.

"These latest increases will also achieve that, and allow for continuing investment in the Government's state highway building programme and other transport projects.

Brownlee said the funding could be used towards four projects in the 2013-14 financial year, namely:

  • The Rangiriri and the Tamahere-Cambridge sections of the Waikato Expressway 
  • The Mackays to Peka Peka section of the Wellington Northern Corridor (subject to consents)
  • The four-laning of the Groynes to Sawyers Arms (Johns Road) section of the Western Corridor in Christchurch (subject to consents)

Ad Feedback

- The Dominion Post

Comments

Special offers
Opinion poll

Where do you stand on political coat-tail riding?

If it gets marginalised voices into Parliament, I'm for it.

I'm against it - if you don't get the votes, you shouldn't be there.

It's just part of the political game.

Vote Result

Related story: Voters reject riding on the coat-tails

Featured Promotions

Sponsored Content