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  • Rates – business

    Use the rates listed for each financial year to work out your fuel tax credit rates for business.

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    Fuel tax credit rates for business

    Fuel tax credit rates change regularly so it's important to check and apply the correct rate.

    They are indexed twice a year – in February and August – based on the upward movement of the consumer price index (CPI). The CPI indexation factor for rates from 1 August 2022 is 1.040.

    Fuel tax credit rates may also change for fuel used in a heavy vehicle for travelling on a public road due to changes in the road user charge. The charge is reviewed annually and the change, if made, generally occurs in July.

    In July, rates change for biodiesel (B100) due to an annual increase in excise duty rates.

    From 29 September 2022, the rates changed due to the end of the temporary reduction of fuel excise duty. The reduction was in place from 30 March to 28 September and applied to excise and excise and excise equivalent customs duty rates for petrol, diesel and all other fuel and petroleum-based products (except aviation fuels).

    If fuel you acquired from 30 March 2022 includes the higher duty rate paid by the manufacturer or distributor, the rate may be higher than the fuel tax credit you can claim on your BAS. If this results in a liability and you are experiencing cash flow difficulties, you can contact us on 13 11 42 to request more time to pay the difference. You will need to provide evidence of the amount of duty that was paid on the fuel.

    We consider requests and work out appropriate arrangement on a case-by-case basis.

    Current fuel tax credit rates

    For current fuel tax rates, see From 1 July 2022 (includes rates from 1 July 2022,
    1 August 2022 and 29 September 2022).

    Past fuel tax credit rates

    There are time limits for claiming fuel tax credits, making adjustments and correcting errors – generally, you must claim or amend your claim within 4 years.

    Last modified: 29 Sep 2022QC 44494