Changes to fuel tax credit rates

Fuel tax credit rates for business

Fuel tax credit rates change regularly.

Key points

  • Using the fuel tax credit calculator is the easiest way to work out what you can claim in your business activity statement (BAS), or calculate an adjustment or correction for a previous BAS
  • Before claiming fuel tax credits, check your eligibility to claim using the ATO’s eligibility tool
  • Fuel tax credit rates are indexed twice a year – in February and August – in line with the consumer price index (CPI). The CPI indexation factor for rates from 5 February 2024 is 1.018.

Fuel excise duty was temporarily reduced from 30 March 2022 to 28 September 2022. This reduction applied to excise and excise equivalent customs duty rates for petrol, diesel and all other fuel and petroleum-based products (except aviation fuels). This affected the fuel tax credit rates during that period.

Fuel tax credit rates also change for fuel (liquid fuels such as petrol and diesel, and gaseous fuels such as liquefied natural gas) used in a heavy vehicle for travelling on a public road due to changes in the road user charge.

Rates for biodiesel (B100) will also change each year until 1 July 2030.

Current fuel tax credit rates

For current fuel tax rates, see From 1 July 2024 to 4 August 2024.

Past fuel tax credit rates

There are time limits for claiming fuel tax credits or making adjustments and correcting errors. You need to claim your fuel tax credits within 4 years of the due date of the earliest BAS in which you could have made your claim. If you don’t claim the credits within that time, you’ll no longer be eligible to claim them. Use the fuel tax credit calculator to work out the amounts for your BAS up to 4 years ago.

Always keep accurate records to support your claims: