Drop The Petrol Tax, Says NZ National Party

May 23, 2018 Taxation in New Zealand

Fuel taxWELLINGTON – The New Zealand government needs to drop the idea of new petrol taxes, as the fuel prices are already at record-high levels, according to the major opposition party.

In a new press release issued on May 22nd the National Party of New Zealand, the major opposition party, called on the government to cancel the planned implementation of fuel taxes in the country.

The National Party claims that the current price of petrol is at a record high, hitting as much as NZD 2.30 per litre, and that some experts are claiming that the price could reach NZD 3 per litre in the foreseeable future.

The government of New Zealand is currently planning on enacting nation-wide hikes to the rate of fuel tax of NZD 0.03 to NZD 0.04 per litre per year for the next three years.

The national fuel tax will also be accompanied by a regional fuel tax in the country’s biggest city, Auckland, of as much as NZD 0.10 per litre.

The opposition party claims that the combined fuel taxes could add as much as NZD 15 extra to the cost of filling up a car.

The National Party claims that the current government is acting hypocritically by claiming that it is addressing the rising cost of petrol, when the government itself is raising the prices.

It was also stated that the government may not even need the extra taxes, as the rising cost of petrol itself would already be raising the tax revenues earned from the sale of fuel in New Zealand.