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How will the revenue foregone as a result of cancelling the January 2027 fuel excise increase be met, and what proportion, if any, will be met by Crown grant, by Crown loan, by borrowing against the National Land Transport Fund, or by reducing planned investment?

Answered Question 38374 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • How will the revenue foregone as a result of cancelling the January 2027 fuel excise increase be met, and what proportion, if any, will be met by Crown grant, by Crown loan, by borrowing against the National Land Transport Fund, or by reducing planned investment?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Transport

Answer

Cabinet has agreed to provide a Crown grant to top up the National Land Transport Fund to account for the reduction in fuel excise revenue.