Tuesday, 23 July 2019

Questions (2155)

Pearse Doherty

Question:

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]

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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 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.