02 Aug 2016 / Australia

Changes to bunker excise

The Australian Government has announced a rise in Fuel Tax from 39.500 cents per litre to 39.600 cpl with effect from 1 August 2016.

In relation to Coastal Shipping, the rate payable for Bunker Excise on coastal bunkers consumed becomes 39.600 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 and again from 1 August of each year. The next expected change would be from 1 February 2017.

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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