INDEPENDENT NEWS

LPG Industry Calls For Urgent Tax Moratorium

Published: Wed 20 Oct 1999 04:48 PM
New Zealand's gas transport fuels industry is calling for a moratorium on excise tax to save it from complete collapse.
The executive director of the LPG Association, Peter Gilbert, said New Zealand's automotive LPG and CNG industries are on the verge of extinction.
They cannot compete effectively because of anti-competitive Government excise tax policies that favour diesel and discourage use of cleaner burning LPG and CNG.
"Use of LPG and CNG is declining rapidly, principally because Government tax policies make diesel so cheap at the pump.
"Government's tax take from LPG and CNG, which is under $6 million a year now and falling by around 15% a year, will dry up in a couple of years anyway as sales continue to fall away.
"So Government will be further out of pocket, New Zealand will have lost the advantage of transport fuels that are better for the environment and we will have witnessed the collapse of yet another New Zealand industry.
"But by foregoing less than $6 million a year now, Government can avert all those scenarios.
"Plus it would help to create a sustainable and healthy home-grown transport fuels industry. It's a business investment that will produce long term environmental and economic gains."
Mr Gilbert said the excise tax moratorium should be applied in the context of a Government-industry partnership designed to send a Buy New Zealand-made fuels message to high mileage motorists.
ends

Next in Business, Science, and Tech

National Backs Businesses With $10k JobStart
By: New Zealand National Party
Government Exempts Some Home Improvements From Costly Consents
By: New Zealand Government
The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards
By: New Zealand Media and Entertainment
ASB Takes The Lead Again With New Low Home Loan Interest Rate
By: ASB Bank
The Problems With Testing And Case Statistics For Covid-19
By: Nathan Hoturoa Gray
Fletcher Building to lay off 1000 staff in New Zealand
By: RNZ
Driving prompt payments to small businesses
By: New Zealand Government
On Why We Should Legally Protect The Right To Work From Home
By: Gordon Campbell
Thousands Of Kiwis Travelling For Queen’s Birthday Weekend
By: Auckland Airport
Understanding 5G Concerns – Expert Q&A;
By: Science Media Centre
Record Monthly Surplus As Imports Dive
By: Statistics New Zealand
Bar reopening night 'much, much quieter'
By: RNZ
New Zealand’s population passes 5 million
By: Statistics New Zealand
Seven Weeks Of Clearing The Air Provides Huge Benefits: Scientist
By: NIWA
Milestone In Cash Flow Support To SMEs
By: New Zealand Government
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media