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Notice Type
Departmental
Notice Title

Notification of Levy Rates Under the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017 Notice 2021

Publication Date
10 Jun 2021

Tags

Levy rates Business, Innovation and Employment Energy (Petrol, Engine Fuel, and Gas) Levy Regulations

Notice Number

2021-go2236
Title
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File Type and Size
PDF (23 KB)

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
c Adjustment 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
       
c Levy rate 0.59 3.7


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.