Dáil Éireann Debate, Tuesday - 8 March 2022
209. Deputy Jackie Cahill asked the Minister for Finance the breakdown of the various taxes and levies charged by the State on one litre of petrol and one litre diesel in tabular form by each fuel type; and if he will make a statement on the matter. [12999/22]
View answerAll propellant fuels, including petrol and diesel, are subject to an excise duty known as Mineral Oil Tax (MOT), which comprises a non-carbon component and a carbon component, the latter commonly referred to as carbon tax.
A levy is also charged on petrol and diesel to cover the costs related to maintaining security of oil supplies. This levy is administered by, and paid directly to, the National Oil Reserves Agency (NORA).
Details of the MOT and NORA levy are set out in the following table:
|
- |
MOT non-carbon component €/litre |
MOT carbon component €/litre |
Total MOT €/litre |
NORA levy €/litre |
|
Petrol |
€0.54 |
€0.10 |
€0.64 |
€0.02 |
|
Diesel |
€0.43 |
€0.11 |
€0.54 |
€0.02 |
* Figures rounded upwards to two decimal places.
In accordance with the Value-Added Tax Consolidation Act, 2010, VAT is chargeable on petrol and diesel at the standard rate, currently 23%, on the total amount which the supplier is entitled to receive including taxes, duties, levies and charges but excluding the VAT itself.
Therefore, an illustrative pump price of €1.80 for a litre of petrol would include total taxes and levies of approximately €1 comprising €0.64 MOT, €0.02 NORA levy, and €0.34 VAT.
Both MOT and VAT are collected by Revenue.
