Arkansas motorists will pay 3 cents more for a gallon of gasoline and 6 cents more for diesel after Gov. Asa Hutchinson signed part of what he called “the largest highway plan in the state’s history” into law Tuesday.
Act 416 by Sen. Terry Rice, R-Waldron, will raise $95 million annually for the state’s highway system. Of that, $58 million will come from the fuel tax increases. Those taxes then can increase by a maximum of one-tenth of one cent per year.
The bill will increase gasoline taxes to 24.5 cents per gallon and diesel taxes to 28.5 cents per gallon.