Govt to hike petrol taxes

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

Relevant offers

Politics

Police: No 'exceptional circumstances' to charge Malcolm Rewa with murder after Teina Pora's conviction was quashed Police kiosks to remain closed until health and safety concerns are addressed Climate change 'most serious' environmental issue for New Zealand - report Student achievement is improving in New Zealand but internationally Kiwis are slipping - report England lose to Iceland, John Key puts off call to David Cameron Child killer Peter Holdem 'a long way from being a realistic candidate for parole' Paula Bennett talks at Manurewa Marae about homelessness Fresh evidence linking Malcolm Rewa with murder of Susan Burdett means police must re-open case Vodafone debt 'like being locked into high fixed-interest mortgage' says expert What does the law say about cyber bullying?

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