This notice is issued pursuant to Regulations 7 and 11 of the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017, and sets the following levy rates that will apply from 1 July 2021 to 30 June 2022:
- The petroleum or engine fuel monitoring (PEFM) levy is 0.59 cents per litre.
- The gas safety, monitoring, and energy efficiency (GSMEE) levy is 3.7 cents per gigajoule.
Calculations for the 2021/22 PEFM and GSMEE levy rates are set out below:
|2020/21 levy rates for gazettal||PEFML||Gas levy|
|regulation 6||regulation 10|
|a||Estimated cost (cents)||750,000,000||130,000,000|
|b||Supplementary estimates amount||0||0|
|Sum of estimated costs, supplementary costs and adjustment amount (a+b+c)||750,000,000||130,000,000|
|d||Estimated volume (litres and GJ respectively)||8,530,822,119||78,249,731|
|Variable EECA cost (cents)||0.09||1.7|
|regulation 5||regulation 9|
|per litre||per GJ|
|a||Existing rate (cents)||0.50||2.0|
|b||Variable EECA cost (cents)||0.09||1.7|
Issued at Wellington this 1st day of June 2021.
CAROLYN TREMAIN, Te Tumu Whakarae mō Hikina Whakatutuki – Secretary for Business, Innovation and Employment and Chief Executive, Ministry of Business, Innovation and Employment.