The Government has confirmed a further extension of fuel excise relief through to 2 August 2026, alongside a reduction in the Heavy Vehicle Road User Charge for transport and freight operators.

Under the extension, fuel excise will be cut from 52.6 cents per litre to 36.6 cents per litre, while the Road User Charge drops from 32.4 cents per litre to 16.4 cents per litre. Together, these measures mean petrol and diesel will be around 16 cents per litre cheaper at the bowser than they otherwise would have been throughout July.

For business owners running fleets or relying on freight and transport, this extension offers welcome short-term relief on operating costs. It's also a timely reminder to keep an eye on your Fuel Tax Credit rates, as these will adjust in line with the new excise settings.

If you'd like help working through what this means for your business — whether that's cash flow forecasting, fuel tax credit claims, or planning ahead for when rates return to normal from 3 August — get in touch with the team at RGA.

Need Help with your Business, Bookkeeping, Tax or SMSF requirements?

If you would like a little help, please get in touch with us for assistance. We can help with your business, bookkeeping, tax and SMSF requirements. To book an appointment, use our online booking system, give us a call on 07 3289 1700, or email us at reception@rgaaccounting.com.au.We look forward to assisting you this tax season!

Please also note that many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. Should you have any further questions, please get in touch with us for assistance with your SMSF, business, bookkeeping and tax requirements. All rights reserved. Brought to you by RGA Business and Tax Accountants. Liability Limited by a scheme approved under Professional Standards Legislation.