News From Trenton · December 10, 2024

Another Year, Another Gas Tax Increase for NJ

Credit: Image by pencil parker from Pixabay

njspotlightnews.org

New Jersey’s per-gallon gas tax will increase by 2.6 cents, starting on Jan. 1, according to officials from the state Department of the Treasury.

The rate hike will bring the state’s per-gallon levy to 44.9 cents for gasoline, and 51.9 cents for diesel fuel, Treasury officials said.

The tax increase is required under state law to ensure there is adequate funding for ongoing statewide transportation-infrastructure investments.

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From NJ SEED: News From Trenton - December 10, 2024.