AIP Welcomes Budget Taxation Announcement

The Australian Institute of Petroleum (AIP) welcomes the Government's fuel taxation announcements in its Budget.

AIP believes that the announced changes will remove many of the distortions in the current fuel market in Australia, leading to greater certainty for investment by producers of all fuels, both alternative and conventional.

These changes will underpin a more sustainable and equitable taxation system for fuels in Australia.

"It is pleasing to see the recognition by Government of the role which conventional fuels can play in improving the air in our cities, through taxation incentives for cleaner fuels", said Bryan Nye, Executive Director of AIP.