RALEIGH — The motor fuels and alternative fuels tax rate for the period of Jan. 1, 2023, through Dec. 31, 2023, will increase from 38.5 cents to 40.5 cents per gallon, according to the N.C. Department of Revenue.
The motor fuel excise tax rate is calculated by using the motor fuel excise tax rate of the preceding calendar year, multiplied by a percentage. The percentage is 100% plus or minus the sum of the annual percentage change in state population for the applicable calendar year, multiplied by 75% and the annual energy index percentage change in the Consumer Price Index for All Urban Consumers, multiplied by 25%.
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In addition, the inspection tax will remain at .0025 cents per gallon.
