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Virginia Announces No Change to Fuel Tax Rates for 2014/2015

Virginia has announced that there will be no changes to its fuel tax rates for the 2014/2015 year that takes effect on July 1st. 

Under the applicable statute, the Commissioner is required to determine the statewide average wholesale price of a gallon of unleaded regular gasoline and diesel fuel for the purpose of determining the applicable cents per gallon in accordance with a tax rate of 3.5% on gasoline and 6% on diesel.  The applicable tax rates will remain at $0.111 per gallon on gasoline, $0.202 per gallon on diesel and $0.05 per gallon on jet fuel for the first 100,000 gallons and $0.005 per gallon thereafter.