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

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to