On 1 August 2017, fuel tax credit rates increased. Some of these rates also changed on 1 July 2017, due to a change in the road user charge and an annual increase to excise duty rates on biofuels.
Fuel tax credit rates change regularly – they are indexed twice a year, in February and August, in line with the consumer price index (CPI).
Below are the rates for fuel acquired from 1 August 2017 to 31 January 2018.
|Eligible fuel type||Unit||Used in heavy vehicles for travelling on public roads||All other business uses (including to power auxiliary equipment of a heavy vehicle)|
|Liquid fuels, i.e., diesel or petrol||Cents per litre||14.5||40.3|
|Blended fuels: B5, B20, E10||Cents per litre||14.5||40.3|
|Liquefied petroleum gas (LPG) (duty paid)||Cents per litre||0.0||13.2|
|Liquefied natural gas (LNG) or compressed natural gas (CNG) (duty paid)||Cents per kilogram||0.0||27.6|
|Blended fuel: E85||Cents per litre||0.0||10.55|
|B100||Cents per litre||0.0||2.7|
Claims for packaging or supplying fuels can use the ‘all other business uses’ rate for the appropriate eligible fuel type.
For businesses that claim less than $10,000 in fuel tax credits in a year, to simplify your claim use the rate that applies at the end of the BAS period.