98 cents.....? sounds like fake news to me
59.524 cents - National Land Transport Fund
6 cents - ACC Motor Vehicle Account
0.66 cents - Local Authorities Fuel Tax
0.3 cents - Petroleum or Engine Fuels Monitoring Levy
In addition, GST is collected on the overall price of fuel including excise. The GST on excise amounts to a 10 cents per litre "tax on taxes".
There are no excise taxes on diesel other than 0.33 cents Local Authorities Fuel Tax, and GST. Instead, diesel vehicles pay Road User Charges. All fuels also pay an Emissions Trading Scheme levy (approximately 3 cents per litre).
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