Hugely inflationary move. With the current goal of making ACC fully funded by 2012 you're looking at a lot more than a few cents a litre, more like a dollar a litre and it won't come off once the goal is reached.
Bread will go up, milk will go up, the cost of a school trip (the few left that they're allowed to go on) will go up, every item in NZ will go up in price. Everything is moved by road.
If I use the bike for transport every day and have one weekend ride a fortnight (extravagant and unlikely, but we can dream) I use around 50 litres a fortnight. At anywhere between 50c and $1 a litre increase is an extra $25-$50 per fortnight on top of the $30-$40 I spend now.
I don't think a fuel levy will be fair or equitable and NZ's economy is really quite literally as bad as it can be without falling off the OECD charts. We're facing a huge bill for carbon tax thanks to the whining of some under-educated, over-vocal upper middle class bicycle riding loonies and our balance of payments shoul dmake every Kiwi involuntarily stiffen with fright and fall over every time you think about it. Placing fuel out of the reach of the average Kiwi will simply hasten the slide into third world status.
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