Fuel excise is a flat sales tax levied by the Australian Government on petrol and diesel bought at the bowser. The current rate is 44.2 cents in excise for every litre of fuel purchased. This rate is adjusted from time to time in line with inflation and is in addition to the GST.
Budget papers show Australian motorists will pay $49.3 billion in net fuel excise over the next four years. These papers also show that the equivalent of almost of all this, $46.8 billion, will be re-invested in land transport projects.
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