I move Financial Resolution No. 2:
(1) That in this Resolution—
"the Act of 1994" means the Finance Act, 1994 (No. 13 of 1994);
"the Order of 1975" means the Imposition of Duties (No. 221) (Excise Duties) Order, 1975 (S.I. No. 307 of 1975).
(2) That the duty of excise on mineral hydrocarbon light oil imposed by paragraph 11 (1) of the Order of 1975, shall, in lieu of the rate specified in section 84 (1) of the Act of 1994, be charged, levied and paid, as on and from the 24th day of January, 1996, at the rate of £307.65 per 1,000 litres.
(3) That for the purposes of the rebate of duty on mineral hydrocarbon light oil provided for in section 56 (3) of the Finance Act, 1988 (No. 12 of 1988), section 89 of the Finance Act, 1990 (No. 10 of 1990), shall apply as on and from the 24th day of January, 1996, as if the reference therein to section 40 (1) of the Finance Act, 1989 (No. 10 of 1989), which, by virtue of section 84 (2) of the Act of 1994, is construed as a reference to section 84 (1) of the Act of 1994, were instead a reference to paragraph (2) of this Resolution.
(4) That the duty of excise on hydrocarbon oil imposed by paragraph 12 (1) of the Order of 1975, shall, in lieu of the rate specified in section 84 (3) of the Finance Act, 1994, be charged, levied and paid, as on and from the 24th day of January, 1996, at the rate of £243.75 per 1,000 litres.
(5) That the duty of excise on substitute motor fuel imposed by section 116 (2) of the Finance Act, 1995 (No. 8 of 1995), shall, in lieu of the rate specified in the said section 116 (2), be charged, levied and paid, as on and from the 24th day of January, 1996, at the rate of £243.75 per 1,000 litres.
(6) It is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927).
This resolution provides for an excise duty increase on petrol, including unleaded, which, when VAT is included, amounts to 1p on a litre or 4.5p on a gallon, and an excise duty increase on auto diesel which, when VAT is included, amounts to 1p on a litre or 4.5p on a gallon with effect from midnight. There is also, technically, an excise duty increase on substitute motor fuel which, when VAT is included, amounts to 1p on a litre or 4.5p on a gallon.