Originally Posted by
duglet
Treasury officials confirmed this week in an estimates hearing that more than 600,000 taxis and motorists who ran their cars on gas would end up paying 20 per cent more for their fuel under the planned new tax on alternative fuels, to be phased in from December 1.
It will add 2.5c to the cost of a litre of LPG per year until a peak of 12.5c per litre by 2015 and will mean motorists who were encouraged to convert to LPG through generous government subsidies will end up paying more at the bowser.
LPG has been excise free for the past 20 years because of environmental benefits, with 13 per cent lower emissions than petrol, and to encourage regional development through lower fuel costs.
Happy Motoring
duglet