Fuel Excise To Go Up!!!!!

[Ghiadude]

The federal govt is going to raise the tax on fuel... yes you heard correctly........not happy jan.

[Dodge]

i might have to go to cash only jobs and screw them just like they are raping us

[AUIII XR8 MAN]

Yes i heard the same thing. It will be a 1c raise to help fund the petrol company in making cleaner fuels :

[Bluehoon]

There is no such thing as a clean fossil fuel.

Benzine, Phosphates and all the other crap still exist in the fuel.

LPG is the only "green" fossil fuel.

Pigs *&$*^%$*%() )*&^%(*^& this excise will go to help cleaner fuels, its not possible.

Wonder what the polly's super scheme will be like now..... :

[jmc-007]

Probably to fund another war or something. but 1c per litre time the fuel ammount.

e


This place is getting worse. Totaly ed

[4.9 EF Futura]

It's a 0.6c/L increase for 2 years. The money will be used to encourage fuel suppliers to deleop low sulphate fuels.

Bit late guys, the idea was cooked up in 2003.

Cant help but wonder tho... if oil companies really needs $120 million of encouragement from taxpayers???

[jabba]

Originally Posted by AUIII XR8 MAN

Yes i heard the same thing. It will be a 1c raise to help fund the petrol company in making cleaner fuels :

Another stupid decission made by the fedrel govenment. Have they heard od Ethonol or methonol. They are 2 off the cleanest renable fuels that can be made right hear in Australia. Giving the oil companys money to make cleaner fuel, what a bloody joke. The oil companys already no how to make a cleaner fuel, they been making fuel for the hole wold for how long now.

[Dave_au]

From News.com.au

http://www.news.com.au/story/0,10117,16659580-2,00.html
Howard to increase petrol tax
From: By Heath Aston
September 20, 2005

John Howard ... under intense pressure to cut petrol excise. PETROL excise is set to rise from January 1, hurting cash-strapped motorists even further.

The "capped" 38c-a-litre petrol excise will funnel revenue straight to wealthy petrol companies to subsidise environmentally friendlier fuels.
The scheduled increase - first announced when petrol was just 90c a litre - will go ahead despite motorists now being paying more than $1.30 a litre.

In a blow to truckers and farmers, diesel excise will also be raised from January 2007.

An Australian Taxation Office memo obtained by The Daily Telegraph shows preparations are under way to sell the "Cleaner Fuels Grants Scheme" to motorists and industry.

The scheme, conceived by Treasury in 2003, is designed to encourage oil refiners to supply low-sulphur fuels.

In 2003 the Government said the estimated rise in excise would be 0.6c per litre on all petrol - or about $120 million a year - and 0.7c on all diesel to subsidise extra refining cost of around 1c a litre.
The extra revenue will come on top of the $1 billion GST bonanza the Government will reap this year from soaring petrol prices.

ATO assistant commissioner of excise, Beth Barry confirmed the changes were on the table and would run for two years from January 1.

"The raising of the excise duty provides funding to allow a grant to be paid to support the introduction of cleaner fuel standards in Australia," Ms Barry said.

The initiative encourages manufacturers and suppliers to upgrade facilities and produce petrol with 50 parts per million or less of sulphur.

"This arrangement will be extended to diesel from 1 January, 2007," the memo said.

Prime Minister John Howard is under intense pressure to provide relief by lowering excise. Mr Howard and Treasurer Peter Costello have painted their decision to cut 1.5c a litre from fuel excise and cap it at 38c a litre.

The Government, oil companies and the ACCC have all declined to attend a summit on petrol prices later in the week.

ACCC boss Graeme Samuel - who last week said there was "something funny" about fuel prices - yesterday rejected calls for a broad inquiry into spiralling petrol prices.

He said there was no evidence of "unconscionable conduct" by refiners.

"Given that petrol prices in Australia are reflecting international factors and are being set according to international benchmarks it is highly unlikely that any particular sale of petrol at these internationally determined prices would be held by a court to be one party taking advantage of another and therefore unconscionable conduct under the TPA," Mr Samuel said.

[bindi]

Originally Posted by Dave_au

He said there was no evidence of "unconscionable conduct" by refiners.

What about the unconscionable conduct of the government?!?! Are they going to hold a forum into why their taxes are so bloody high?

I thought the GST was going to get rid of other taxes... yet again, let's all bend over and take it while saying "Please sir, may I have some more?" :

[NAK302]

excellent. so now we'll see what we've always wanted. a proper dual carriageway the whole way around Australia for quick efficient interstate travel. go Johnny!!!

[TheSneakiness]

F**k, f**k, f**k.

That's it, our local member is going to cop it. Badly... :evilking:

[XAGSV8]

Mr Howard and Treasurer Peter Costello have painted their decision to cut 1.5c a litre from fuel excise and cap it at 38c a litre.

Think we will be saving 0.5c a litre if I have read into it properly.

[JPFS1]

Fair enough that they are encouraging cleaner technologies by subsidising... but 120 million???? That peanuts when it comes to funding the oilers.

Who do they plan on spending the cash on??? Sure it might be significant if they divy it out to junior oiler's on the verge of becoming producer's but that won't happen, it will have to go to the big players that are producing in big volumes already.

That sort of money can be absorbed within one companies exploration/development programme, let alone funding many Australian oiler's with new technology schemes.

[CSV_LS1]

Nice to see howard being able to move heaven and earth for the oil companies.
The smart thing to do is take the 1c out of the tax. But can't expect for a chimp to be that intelligent.

[stockstandard]

1c/l = 68c per tank = about 30c a week for me, or a can of coke a month. Im not going to get worked up over it, especially if it means a the air might be a *little* cleaner for my grandkids in 50 years time.

If it has been on the cards since 2003 I doubt the government could back out if it wanted to.

[JPFS1]

Originally Posted by stockstandard

1c/l = 68c per tank = about 30c a week for me, or a can of coke a month. Im not going to get worked up over it, especially if it means a the air might be a *little* cleaner for my grandkids in 50 years time.

If it has been on the cards since 2003 I doubt the government could back out if it wanted to.

exactly...

so many people throw their arms up in disgust without thinking it through and applying some perspective.

how much do we spend on:

smokes?
alcohol?
pokies?
tattslotto?

all within a week?

It's a damn important commodity and it has to me managed very carefully...

[Falcon Coupe]

Originally Posted by JEM

exactly...

so many people throw their arms up in disgust without thinking it through and applying some perspective.

how much do we spend on:

smokes?
alcohol?
pokies?
tattslotto?

all within a week?

It's a damn important commodity and it has to me managed very carefully...

I haven given up smokes, cut down to about 4 cans of beer a week and just bought a diesel car for work, this mostly due to fuel costs reaping havoc on the family budget, as far as i''m concerned this excise increase is the last nail in John Howards election coffin.

[MintEAFalcon]

Couple of interesting articles I found on the subject...

http://www.news.com.au/story/0,10117,16659580-2,00.html

http://www.yourdemocracy.net.au/drupal/?q=node/1745

[megsy]

Smokes....dont smoke $0
Alcohol.... spent $55 on 2 bottles of rum and that'l last me till middle of next month
pokies...dont gamble
tattslotto...dont gamble

fuel....filled up yesterday $80 and im gunna need a top up to get home on friday so $100 all up....for the WEEK

[XYGTHO]

Originally Posted by megsy

Smokes....dont smoke $0
Alcohol.... spent $55 on 2 bottles of rum and that'l last me till middle of next month
pokies...dont gamble
tattslotto...dont gamble

fuel....filled up yesterday $80 and im gunna need a top up to get home on friday so $100 all up....for the WEEK

I'm in the same boat mate. I don't waste money on much else maybe an average of $60 a month on alcohol. I've gone from being able to get away with $20 - $30 a week on fuel to $50 - $60.

[xespac]

I guess this 1c litre is only the start of the rise in petrol prices =(

I definatly cannot see the fuel goin below $1 a litre! ... e v e r!

I wanna see some job losses, not because I think it's good... but it will happen...hopefully enough to make the government quit the double dipping.

[parawolf]

Just announced on TheAge.com.au

Originally Posted by www.theage.com.au

Fuel Tax Hike Ditched

http://www.theage.com.au/news/nation...982042013.html

Originally Posted by www.theage.com.au

A planned increase in the excise on petrol has been abandoned, Treasurer Peter Costello said today.

Mr Costello said the increase, which would have added 0.06 cents a litre to the cost of all petrol, would now be financed directly out of the budget.

The rise, which was to have taken effect from January 1 next year, was intended to fund the introduction of cleaner fuels.

"Given current market conditions the government has decided there will be no increase in excise to fund this incentive," Mr Costello said in a statement.

"The incentive for low sulphur premium unleaded petrol will be funded from the budget.

"Excise will remain at 38.143 cents, the same rate as was fixed when indexation was abolished in 2001."

[stockstandard]

So i guess all the people out there who dont own cars are going to jump up and down crying because their tax dollars go towards services they dont use...

[CruizinEB]

bloody hell it bad anuf they put a tax on a tax but increasing it:(

[Sourbastard]

Originally Posted by CRUIZIN EB

bloody hell it bad anuf they put a tax on a tax but increasing it:(

I hear soon they will be putting a tax on Domes as well!

[CruizinEB]

I hear soon they will be putting a tax on Domes as well!

Whats that serpost to mean?

[Sourbastard]

Originally Posted by CRUIZIN EB

Whats that serpost to mean?

its obviously complicated.

[XRated]

Originally Posted by CRUIZIN EB

Whats that serpost to mean?

What is this supposed to mean?

[RED_EL_XR8]

Back on topic.

Excise increase, What excise increase !!!!

The increased has been dumped, the alternative fuels push the extra excise was intended to fund, will now be funded from general revenue.

[4.9 EF Futura]

Post deleted, that'll teach me to not read before i type!!!