31 Jul 2015 / Australia, all ports

Changes to Bunker excise

The Australian Government has announced that the Fuel Tax has risen from 38.600 cents per litre to 38.900 cpl with effect from 1 February 2015. The rate payable for Bunker Excise on coastal bunkers consumed is 38.900 cpl, with the Excise Rebate remaining at 100% - due to the removal of the Carbon Tax from 1 July 2014. Indexation of fuel duty has returned to a biannual CPI Indexation from 1 February 2015 and again from 1 August 2015. For information about operations in Australia contact GAC Australia at [email protected]

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.

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