Govt should drop taxes to provide immediate relief
The Government should axe its fuel tax increases to provide immediate relief to motorists, Opposition Leader Simon
Bridges says.
“Instead, the Prime Minister’s response to record high fuel prices is to announce yet another inquiry.
“She’s saying consumers are being ‘fleeced’ while her Government is driving up fuel prices and taking hundreds of
dollars from Kiwi households through higher taxes on fuel.
“The inquiry will take months and any resulting changes could be years away. Meanwhile New Zealanders are paying record
prices for petrol and the Government is collecting hundreds of millions of extra tax from them.
“Unlike petrol, talk is cheap. And the Government is a big part of the reason why petrol prices are so high.
“The importer margin, the profit petrol companies make on every litre of fuel sold and which the Prime Minister wants
more information on, is 31 cents per litre and around the same as it was last year. The amount the Government makes is
$1.25 – and that keeps increasing.
“The average New Zealand household is now paying $200 a year more in petrol taxes than this time last year, with
Auckland families paying $324 extra as a result of higher petrol prices and this Government’s decision to hike fuel
taxes. It’s pricing Kiwis out of their cars.
“There are a number of other reasons behind record petrol prices and National supports another look at the practices of
fuel companies, something we also looked at in Government, but the Government should also be looking in the mirror.
“While the Government passes new legislation and waits for yet another report it should provide immediate relief to
motorists by putting a stop to its relentless imposition of new taxes.”