Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Latest Price Movement Puts More Pressure On Govt

Latest Price Movement Puts More Pressure On Government

The Automobile Association says Caltex’s move to increase the price of petrol by four cents a litre puts yet more pressure on the Government to review the amount of excise tax it takes for general expenditure.

“The Government needs to show it is sensitive to the social and economic problems being created by these increases,” the Association’s Director of Public Affairs, George Fairbairn, said today.

“We have received overwhelming support from motorists since we called on the Government to reduce the level of excise tax it takes off motorists for non-roading activities, balanced against the gains from increased GST revenue.”

Mr Fairbairn said the latest increase was the 21st since July last year, and meant the price of petrol had risen by 42c/litre in that time.

“Filling an average larger car, with a fuel tank capacity of approximately 70 litres, will now cost an additional $29.40, compared with the cost at the beginning of July last year.

“For an average smaller car, with a fuel tank capacity of 40 litres, the additional cost of filling the tank is $16.80.“

Mr Fairbairn said that 13 months ago petrol was selling in the main centres for an average price of 79.9c/litre for 91 octane and 84.9c/litre for 96 octane.

“At that time the Government collected GST of 8.88c/litre for 91 octane. Based on this latest increase, the Government will now collect 13.54c/litre GST. For 96 octane the figures are 9.43c/litre a year ago and 14.10c/litre today.

“Clearly, the Government is accruing additional revenue through these price increases. We repeat our call for it to ease the pressure on families and the economy by reducing the level of excise tax. “

Ends



© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Gordon Campbell: On Asking The Banks To Be Nicer To Farmers

Few would begrudge the idea that banks should be made to act more humanely – given the obscene profits that the Aussie banks are extracting annually from New Zealand, they can surely afford to cut some slack.

Yet the interesting background statistic is that farm debt in New Zealand has exploded by 270% in the last 20 years, to around $63 billion... More>>

 

Mosque Attacks: 21 Month Prison Sentence For Sharing Live Stream Video

A Christchurch man who admitted redistributing the livestream video of the mosque killings has been sentenced to 21 months in prison. More>>

ALSO:

Operation Burnham Inquiry: Afghan Villagers Pull Out

The Afghan villagers involved with the inquiry into Operation Burnham say they have lost faith in the process and will no longer take part. More>>

ALSO:

Child 'Uplifts': Children’s Commissioner To Conduct Review

“At the time of the attempted uplift from Hawke’s Bay Maternity Hospital at the beginning of May, our Office shared our views on the critical importance of the mother-child relationship, and the fact that this relationship is denied to too many Māori children”, says the Children’s Commissioner, Judge Andrew Becroft. More>>

ALSO:

Fluro Logo, Definitely Not Racism, Activist Judges: Act Has Conference

“Finally, New Zealanders will have the right to challenge bad laws in court. If the courts find that a law hasn’t been made in accordance with the basic principles of good lawmaking, it can be declared invalid." More>>

ALSO:

Money Found: Revised Offer For Teachers And Principals

PPTA and NZEI have recommended that revised offers from the Government to their members are ratified, Education Minister Chris Hipkins has announced. More>>

ALSO:

Discussion Doc: National's Primary Sector Plans

Today National has released our third discussion document, this one on the primary sector. It showcases our positive and innovative approach to what is the backbone of our economy, Leader of the National Party Simon Bridges says. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels