Excise relief on biogas CNG to benefit gas retailers
pre-market1 source ↓written by the desknot a recommendation
- and biogas attract
- 14% excise duty
- nationally
- 1%
The government’s FY27 budget proposes excise duty exemption on biogas blended with CNG, benefiting gas retailers by lowering costs. Currently, both CNG and biogas attract 14% excise duty, but the new measure will effectively reduce this to zero for the biogas component. This change may enhance margins, though the average biogas share in CNG is only 1% nationally.
Not investment advice. For informational purposes only.