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    Fuel schemes chapter

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    Excise duty is levied on petroleum products in Australia. Customs duty applies (at the same rate) to imported petroleum products. To assist the competitiveness of Australian businesses, three grant or benefit schemes are available to businesses. The fuel schemes for the 2006-07 financial year are:

    • fuel sales grants scheme
    • product stewardship for oil program, and
    • cleaner fuels grants scheme.

    This chapter contains statistics on grants or benefits paid under these schemes for the 2006-07 financial year.

    OVERVIEW

    For the 2006-07 financial year:

    • total grants paid under fuel tax credit scheme and energy grants credit scheme were $4,906 million, an increase of 38.1% over 2005-06
    • total benefits paid under the product stewardship for oil program increased by 88.2% from 2005-06 to $32 million, primarily due to additional incentives, and
    • grants totalling around $92 million were paid under the cleaner fuels grants scheme.
     
      Last modified: 18 Mar 2008QC 20124