Dáil Éireann Debate, Tuesday - 8 May 2018
113. Deputy Maureen O'Sullivan asked the Minister for Finance the expected revenue yield from an increase in excise on diesel of five cents per litre; the expected cost of using the diesel rebate scheme to offset such an increase for commercial transport; and if he will make a statement on the matter. [19652/18]
View answerI am advised by Revenue that an increase in excise duty on diesel of five cents per litre will increase the price by 6.15 cent per litre when VAT is included. The estimated yield from an increase of 6.15 cent per litre is estimated at €166 million in a full year. The additional cost to the diesel rebate scheme to offset such an increase for commercial transport is estimated at €25 million.
