Dáil Éireann Debate, Tuesday - 23 July 2019
2155. Deputy Pearse Doherty asked the Minister for Communications, Climate Action and Environment the estimated revenue that would be raised by increasing the National Oil Reserve Agency, NORA, levy by 1 cent, 2 cent and 5 cent per litre, respectively; and if he will make a statement on the matter. [31590/19]
View answerThe 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 levy amounted to €134m. A one, two and five cent increase in the National Oil Reserve Agency levy would, other things being equal, result in an estimated total levy raised of €201m, €268m and €469m respectively.
