Tuesday, 4 February 2014

Questions (187)

Terence Flanagan

Question:

187. Deputy Terence Flanagan asked the Minister for Finance the position regarding the price of home heating oil (details supplied); and if he will make a statement on the matter. [5532/14]

View answer

Written answers (Question to Finance)

Fuel prices are driven by a number of factors including the price of oil on international markets, exchange rates, production costs and refining costs. The fluctuation in oil prices over recent years reflected additional factors such as geopolitical uncertainty in Northern Africa and the Middle East with potential supply disruptions.

As Minister for Finance I have no jurisdiction or control over market pricing of fuel.  I have responsibility only for the tax element of fuels. The tax applicable to marked kerosene and marked gas oil used in home heating oils at present are as follows:  

Marked Gas Oil (per 1,000 litres)

Kerosene (per 1,000 litres)

Excise Rate 

VAT Rate

Excise Rate             

VAT Rate

€102.28

13.5%

€50.73

13.5%