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Dáil Éireann Debate, Tuesday - 22 June 2021

Tuesday, 22 June 2021

Questions (216)

Róisín Shortall

Question:

216. Deputy Róisín Shortall asked the Minister for Finance the expected revenue yield from an increase in excise on diesel of five cent 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. [32931/21]

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Written answers

I am advised by Revenue that the estimated yield from increasing the Excise on diesel by a range of amounts is shown on page 22 of Revenue’s Ready Reckoner which can be located at the following link: https://www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf. The yield from a five cent per litre increase is estimated at €137m per annum.

Based on the volume of diesel on which claims were received in previous years, the cost of using the Diesel Rebate Scheme to offset a 5c increase for qualifying commercial transport is estimated to be in the region of €20 million.

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