Ireland applies excise duty, in the form of Mineral Oil Tax (MOT) to specified mineral oils, such as petrol, diesel, and kerosene. MOT is comprised of a carbon component and a non-carbon component. The carbon component is commonly referred to as carbon tax. The non-carbon component is often referred to as “excise” or “fuel duty” but it is important to note that both components of MOT are excise.
In response to the current fuel crisis I introduced cuts, effective from March 10, to MOT applying to petrol, diesel and Marked Gas Oil (green diesel). These cuts of 20c, 15c and 2c per litre inclusive of VAT will remain in place until the end of August this year.