PA 2024 Oil Franchise Tax Rate Now Available


 

PA 2024 Oil Company Franchise Tax Rate Now Available

On December 9, the Pennsylvania Department of Revenue published the following notice in the Pennsylvania Bulletin outlining the 2024 Oil Company Franchise Tax and Alternative Fuels Tax Rates.

The 2024 Oil Company Franchise Tax rates will decrease to the following amounts:

  • Gasoline: 57.6 cents
  • Diesel fuel: 74.1 cents

Click Here to read the entire 2024 notice for more information on all rates (Aviation Gasoline and Jet Fuel, Oil Company Franchise Tax Rate, & Alternative Fuels Tax Rates)


The current 2023 rates* are the following:

  • Gasoline: 61.1 cents
  • Diesel fuel: 78.5 cents

*Note: the 2023 rates increased for the first time in years due to the average wholesale price exceeding $2.99 per gallon. 

Click Here to read the entire 2023 notice for more information on existing rates (Aviation Gasoline and Jet Fuel, Oil Company Franchise Tax Rate, & Alternative Fuels Tax Rates)


Please contact Ted Harris at tharris@papetroleum.org if you have questions.