NY suspends certain taxes on gas and diesel to provide relief for drivers

NY suspends certain taxes on gas and diesel to provide relief for drivers

East Farmingdale, NY- New York State has suspended certain state taxes on gasoline and diesel fuel, in an effort to lower prices at the pump for drivers. The suspensions on motor fuel excise tax, State sales tax and more will remain suspended through the end of 2022. On average, state officials estimate the suspension will help save drivers an average of $0.16 per gallon.

“Fuel prices have surged in recent months, hurting working families and small businesses the most, and it is crucial that we provide New Yorkers relief,” Governor Hochul said. “By suspending certain fuel taxes for the next seven months, New York is providing some $609 million in direct relief to New Yorkers — a critical lifeline for those who need it most. At a time when families are struggling because of economic headwinds and inflation, we will continue to take bold action to reduce the economic burden on New Yorkers and get money back in their pockets.”

Additionally, Nassau and Suffolk County will collect tax only on the first $3 charged per gallon of gas and diesel, regardless of the actual price at the pump.  

Suffolk County Executive Steve Bellone said, “There is no doubt that families across Long Island have been feeling the pain at the pump and today relief is here. Suffolk County’s gas tax cap, combined with New York State’s cap, will put money back in our residents’ pockets and provide drivers with much needed relief at the pump. Every penny matters and we will continue to do what we can to help our residents through these difficult times.”

You can view the local sales tax rates on certain motor fuels in your county here

By Brett Levine

Photo: Prices are displayed for the various grades of gasoline available from a pump at a Shell station, Saturday, May 28, 2022, in Commerce City, Colo. Experts are expecting a flush of travelers at airports and on the nation’s byways during the long Memorial Day weekend, which marks the start of the summer travel season, in spite of high fuel costs. (AP Photo/David Zalubowski)