In 2023, Kiwi businesses are facing a tough reality: petrol prices have hit unprecedented highs in New Zealand. As costs continue to rise, it’s more important than ever for companies to find smart strategies to cut down on fuel consumption and protect their bottom line.
Increased fuel costs coming – Reduce your fuel usage
The introduction of new 10 cents per litre Regional Fuel Tax (RFT) in the Auckland region from 1 July 2018, the soon to be implemented three government increases in petrol excise duty of 3.5cents a litre over the next 3 years (from 30 September 2018), equivalent increases in road user charges from 1 October 2018 as well as New Zealand’s declining US exchange rates, mean we will be paying more at the pump than we have ever seen before.