Fuel Excise Tax

Fuel Excise Tax is a tax imposed by governments on the sale of fuel, such as gasoline and diesel. It's usually included in the price at the pump and helps fund infrastructure projects like roads and public transportation. The tax is calculated per gallon or liter of fuel sold. It serves both to generate revenue and to encourage more efficient fuel use and promote cleaner energy alternatives. In essence, it’s a way for governments to raise funds while influencing consumer behavior regarding fuel consumption.