Cut on way for petrol prices?

HAMISH RUTHERFORD
Last updated 12:12 20/05/2014

Relevant offers

Politics

Transport Minister Simon Bridges stalls on electric vehicle policy Government gives another $100k to deportee support service Paula Bennett: Government not planning to help fund beach campaign Prime Minister John Key says Southland is becoming more important to New Zealand's economy MP Tim Macindoe hosts flag referendum debate in Hamilton It's time to ban sunbeds, Consumer NZ says Judith Collins: Crushing cars of fleeing drivers could reduce pursuits Sparks fly over proposed Marlborough Sounds recreational fishing park John Key turns down Winston Peters' challenge to find a photo of him fishing in Northland Andrew Little: I care about New Zealand too, Mr Joyce

ACC is consulting on changes to levies on motorists which could cut the cost of petrol by 4 cents a litre.

ACC levies costs motorists about 9.9c for every litre of petrol, but is proposing to cut this to 5.9c.

The Automobile Association says that based on driving 12,000 kilometres a year, the cut would save drivers about $47 annually.

The changes, which would also see a fall in the price of vehicle registration, would take place in 2015.

"On average, we're proposing a 40 per cent cut to motor vehicle levies, which are paid when relicensing a vehicle and through the petrol levy paid at the pump," ACC chairwoman Paula Rebstock said in a statement.

Public feedback will be sought on the proposals, with the final decision resting with the Government.

ACC also proposes introducing risk ratings on vehicles, rewarding drivers for buying safer cars.

"Risk rating would mean owners of safer cars pay lower levies, to reflect the fact their vehicle is less likely to cause injury if involved in a crash," Rebstock said.

Ad Feedback

- Stuff

Special offers
Opinion poll

Should the speed limit be raised to 110kmh on some roads?

Yes

No

Vote Result

Related story: 110kmh limit moves closer

Featured Promotions

Sponsored Content