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On 1 July 2023, the fuel tax cuts were removed. People lined up at petrol stations before the tax cuts ended, and many people took multiple trips. Some people urged motorists to refuel early to avoid queues or fuel shortages. The end of the subsidy caused a large increase in the number of
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The cuts started in March 2022. Fuel prices would be reduced by 25 cents, and train and bus fares halved; there was also a 36% diesel discount. Originally, these were planned to last only three months, ending in June. Prime
Minister
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The cost to the government of the initial three-month period was $ 350 million. The extension until June 2023 cost $ 718 million. In total, it was estimated that $ 2 billion was spent on the subsidies.
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New
Zealand was suffering from a cost of living crisis brought on by the COVID-19 pandemic, the Russian invasion of Ukraine, among other factors. In February 2022, fuel prices had risen by 13%.
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at the time said that this would save between $ 11.50 and $ 17.25 per tank of fuel. In the May
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326:"Surge in members of Gaspy app as New Zealanders seek out cheaper petrol"
188:"Boost for foodbanks as fuel tax cut, half-priced public transport, ends"
274:"Explainer: Everything you need to know about the fuel tax cut ending"
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244:"'It will come to an end': No more fuel tax subsidy after June"
216:"Petrol stations slammed as Govt fuel subsidy comes to an end"
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299:"Motorists urged to fuel up early to avoid shortages"
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48:. There might be a discussion about this on
68:Learn how and when to remove this message
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161:"Fuel tax cuts: What you need to know"
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58:January 2024
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351:Categories
335:4 November
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283:29 October
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142:References
100:Background
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127:Gaspy
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