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SG Budget 2017: New volumetric diesel duty to be introduced today

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Lee U-Wen

Lee U-Wen

Published Mon, Feb 20, 2017 · 08:32 AM

    A special tax on diesel cars and taxis in Singapore will be permanently reduced by S$100 and S$850 respectively with immediate effect, said Finance Minister Heng Swee Keat in parliament on Monday.

    A volumetric diesel duty will be introduced to incentivise reduced diesel consumption.

    To help businesses adjust, commercial diesel vehicles will be provided a 100 per cent road tax rebate for one year, and a partial road tax rebate for another two years.

    Additional cash rebates will be provided to diesel buses ferrying school children.

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