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Hello and welcome to the July issue of the MotorMouth Newsletter.
Due to the high fuel prices we have been experiencing over the
past few months, many users have written in to MotorMouth asking
about Australian fuel taxes and the effect taxes have on our fuel
prices.
This month we look at how much tax we pay per litre of fuel and
how Australia compares to other Organisation for Economic Cooperation
and Development (OECD) nations.
| Excise rates on Petroleum Products 2002-2003
Financial Year |
| Product |
Tax Rate ($/litre) |
| Leaded Petrol |
0.40516 |
| Unleaded Petrol |
0.38143 |
| Diesel Fuels |
0.38143 |
| Fuel Oil |
0.07557 |
| Aviation Kerosene |
0.02845 |
| Aviation Gasoline |
0.02808 |
(Sourced form the Australian Taxation Office Web Site:
http://www.ato.gov.au/content/downloads/2002EXC03.pdf)
As you can see from the chart above, the tax component for unleaded
fuel in Australia is around 38 cents per litre. This means that
when you fill a 50L tank with unleaded fuel, around $20 of your
bill is taken in taxes. Taxes clearly comprise a large portion of
our fuel costs and contribute considerably to the overall taxation
revenue collections each year. In fact, in 2002-2003, over $12.9
billion was collected in taxes from refined petroleum products in
Australia.
Although this rate seems excessive, Australia actually rates well
in comparison to other OECD countries. The following chart shows
that Australia’s fuel prices are the fourth lowest and are among
the least taxed of all the OECD countries.

(Sourced from the International Energy Agency “Energy Prices and
Taxes”)
In other MotorMouth news, for those who haven't already signed
up for their free daily fuel price emails, remember every user who
does sign up for our free e-mails before the end of this month has
the chance to Win 1 of 8 x 12 month Magazine Subscriptions from
iSUBSCRiBE!.
To learn more about the MotorMouth / iSUBSCRiBE competition, click
here. To receive your free emails, login to the MotorMouth website,
click on Create Email and complete the short set up process. If
you have already signed up, you can enter the competition from the
link in each daily email.
Good luck with the iSUBSCRiBE competition and please contact us
if you have any questions, suggestions or comments regarding MotorMouth
and our money saving services.
Until next month...
Bernadette Murray
Marketing Manager - MotorMouth
bmurray motormouth.com.au
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