A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuels used to power agricultural vehicles, and/or home heating oil which is similar to diesel are taxed at a different, usually lower, rate. The fuel tax receipts are often dedicated or hypothecated to transportation projects so that the fuel tax is considered by many a user fee. In other countries, the fuel tax is a source of general revenue. Sometime, the fuel tax is used as a ecotax, to promote ecological sustainability.
Read more about Fuel Tax: Role in Energy Policy, Tax Rates
Famous quotes containing the words fuel and/or tax:
“It is now many years that men have resorted to the forest for fuel and the materials of the arts: the New Englander and the New Hollander, the Parisian and the Celt, the farmer and Robin Hood, Goody Blake and Harry Gill; in most parts of the world, the prince and the peasant, the scholar and the savage, equally require still a few sticks from the forest to warm them and cook their food. Neither could I do without them.”
—Henry David Thoreau (1817–1862)
“If you tax too high, the revenue will yield nothing.”
—Ralph Waldo Emerson (1803–1882)