New excise duty rates for motor spirits from 1 July 2020
11.43am 18 June 2020
An increase of 3.5 cents per litre of motor spirit in the excise and excise-equivalent duty rates on motor spirits will take place on 1 July 2020.
From 1 July 2020, the excise and excise-equivalent duty rates on motor spirits will be 70.024 cents per litre.
The new rates are those set out in the Excise and Excise-equivalent Duties Table (Budget Measures - Motor Spirits) Amendment Act 2019.
Motor spirit products removed from a licensed manufacturing area or imported on or after 1 July 2020 will be subject to these new rates. Excise and excise-equivalent duty should be calculated at the current rates up to midnight on 30 June 2020.