Wednesday, 10 July 2019

Questions (326)

Joan Burton

Question:

326. Deputy Joan Burton asked the Minister for Communications, Climate Action and Environment the additional projected yield in 2020 from a one cent increase in the National Oil Reserve Agency levy; and if he will make a statement on the matter. [30300/19]

View answer

Written answers (Question to Communications)

The current rate of the NORA levy is 2 cent per litre, payable when oil is placed on the market. The levy was set at this rate in 2009. In 2018 the total NORA levy amounted to €134m. A one cent increase in the levy would, other things being equal, result in an increase of approximately €65m in the total annual amount.