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What is the net fiscal impact, across the forecast period, of the new fuel excise increase schedule compared with the previously scheduled increases, and does that impact represent a net loss or gain to the Crown and the National Land Transport Fund respectively?

Answered Question 38375 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • What is the net fiscal impact, across the forecast period, of the new fuel excise increase schedule compared with the previously scheduled increases, and does that impact represent a net loss or gain to the Crown and the National Land Transport Fund respectively?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Transport

Answer

Compared with the previously scheduled increases, the net fiscal impact of the revised schedule across the forecast period is $1.476 billion. This represents a net cost to the Crown to offset revenue foregone by the National Land Transport Fund (NLTF), with no net loss to the NLTF.