asked the Minister for Finance what percentage of the retail selling price of a gallon of petrol goes to revenue at present.
Ceisteanna—Questions. Oral Answers. - Tax Content of Petrol Price.
43.
The answer is in the form of a tabular statement and I propose, with your permission, a Cheann Comhairle, to circulate it with the Official Report.
Following is the statement:
PETROL
|
Present Retail Price |
Excise Duty |
Turnover Tax |
Excise Duty and Turnover Tax as percentage of retail price |
||
|
per gallon |
per gallon |
2½% of retail price |
|||
|
s. |
d. |
s. |
d. |
||
|
5 |
7½ |
3 |
8.95 |
69.1% |
|
|
5 |
9 |
,, |
,, |
67.7% |
|
|
6 |
0½ |
,, |
,, |
64.5% |
The bulk of petrol consumed is home-refined and is charged with excise duty as shown above. The customs duty on imported petrol is 3s 9.95d a gallon. In the case of petrol which is charged with customs duty at this rate, the figures in the final column above would be about 1.4 per cent higher.