INDIANAPOLIS — Taxes are set to be lowered at gasoline pumps next month across the Hoosier state.
According to an Indiana Department of Revenue notice, Indiana’s gasoline use tax rate will be 16.7 cents a gallon beginning on Nov. 1. This marks a decrease from October’s rate of 18 cents.
The notice explains how officials reached this number, sharing its statewide average pre-tax price for gasoline, which was $2.3795 a gallon between the Sept. 16 and Oct. 15 tracking period.
Indiana also imposes a gasoline tax of 36 cents a gallon that increases by one cent every year on July 1. The federal gas tax rate is also locked in at 18.4 cents a gallon and has remained unchanged for the last 32 years.
According to previous reports, the tax was at its highest level in July and August 2022 when it surpassed 29 cents per gallon. Last year, the tax switched between 15.5 and 17 cents before it spiked to 18.8 cents in April.
For more information about the Indiana Department of Revenue, click here.
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