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As a result of fuel tax indexation, the fuel tax credit rate for fuel purchased for on-road use in eligible heavy vehicles increased from 13.7 cents per litre to 14.2 cents per litre on 1 February 2017.
According to the Australian Trucking Association (ATA), Diesel trucks must meet environmental criteria to be eligible for the credits, which are available on the Department of Infrastructure and Regional Development website.
The fuel tax credit rate for powering auxiliary equipment also increased, from 39.5 cents per litre to 40.1 cents per litre.
Operators will need to claim different fuel tax credit rates for fuel acquired before and from 1 February.
Fuel tax credit rates last increased on 1 August 2016.
According to the ATA, the ATO recommends that all operators use its online Fuel tax credit calculator to get correct fuel tax credit rates for a BAS. The calculator is also available on the ATO app.