Confirmation today on a fuel excise rise from the Federal Government. An increase of 2.5 per cent up to 26.14 cents per litre will come into effect on July 1.

The price hike is designed to recoup government investment in the road network, but will result in a drop for the trucking industry’s fuel tax credit down to 12 cents per litre.

The National Transport Commission (NTC) proposed the increase in February, including four weeks of consultation with industry stakeholders and other submissions, before making recommendations to Transport Minister Anthony Albanese.

The excise increase comes along with higher registration fees, which will see operators paying several hundred dollars a year more to keep their trucks on the road.