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Monday, 14 April 2008
Fuel tax credit abolition would hit grocery costs
Fuel tax credit abolition would hit grocery costs

By FoodWeek Online @ 2:01 PM 0 Comments Article Rating Retailing_News
 

The trucking industry has slammed the Australian Conservation Foundation's proposal to abolish fuel tax credits. 

The industry claims the abolition of credits would increase the cost of groceries for hard-pressed working families. 

In a speech at the National Press Club, the executive director of the ACF, Don Henry, called for the abolition of the fuel tax credit system. 

The system allows trucking companies to claim an 18.51 cents per litre credit on the fuel tax they pay, provided their vehicles meet one of four environmental criteria. 

The CEO of the Australian Trucking Association, Stuart St Clair, said that by eliminating fuel tax credits, the costs of a typical trucking operator would increase by about 22%. 

"This cost increase would affect every Australian family because every grocery item on the shelves of every local supermarket is delivered by truck," he said.

 

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