Dáil Éireann debate -
Tuesday, 27 Apr 1993

Vol. 429 No. 6

Written Answers. - VAT and Excise Duties.

Peter Barry

Question:

262 Mr. Barry asked the Minister for Transport, Energy and Communications what is the element of petroleum, diesel and heating oil domestic prices that goes in VAT and excise duty; the margins that are available for producers, wholesalers and retailers; and if he will make a statement on the matter.

Minister for Transport, Energy and Communications (Mr. Cowen)

The Minister for Finance, who has responsibility for VAT and excise, has informed me that the rates of VAT and excise duty on domestic oil prices are as follows:

	VAT	Excise Deputy
		per hectolitre	per gallon
Petrol (leaded)	21%	£28.70	£1.305
Petrol (unleaded)	21%	£26.14	£1.188
Autodiesel	21%	£22.31	£1.014
Gasoil (heating oil)	12.5%	£3.73	£0.170

Since the 1991 Competition Act came into force, margins have been determined by those engaged in the industry without the intervention of other statutory controls.