Dáil Éireann Debate, Wednesday - 18 January 2023
343. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of extending the reduced rate of excise duty that applies to petrol from end-February to end-March and end-June 2023 respectively. [1402/23]
View answer344. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of extending the reduced rate of excise duty that applies to diesel from end-February to end-March and end-June 2023 respectively. [1403/23]
View answer345. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of applying a zero rate of excise duty to home heating oil from 1 February to end-March and end-June, and from 1 March to end-March and end-June 2023 respectively. [1404/23]
View answer384. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of reducing the rate of excise applicable to home heating to €0 per 1,000 litres in line with the Energy Tax Directive from 1 March to end-June and end-2023 respectively. [2347/23]
View answerI propose to take Questions Nos. 343 to 345, inclusive, and 384 together.
I am advised by Revenue that the estimated cost of extending the reduced Mineral Oil Tax (MOT) rates for the periods outlined, in respect of petrol and diesel, are shown in the following tables.
|
- |
Petrol |
||
|
Period |
MOT €m |
VAT €m |
Total €m |
|
1 March to 31 March 2023 |
13.4 |
3.1 |
16.5 |
|
1 March to 30 June 2023 |
54.4 |
12.5 |
67.0 |
|
- |
Diesel |
||
|
Period |
MOT €m |
VAT €m |
Total €m |
|
1 March to 31 March 2023 |
40.1 |
2.9 |
43.0 |
|
1 March to 30 June 2023 |
161.6 |
11.9 |
173.5 |
In relation to Questions 1404/23 and 2347/23, I am advised by Revenue that the Mineral Oil Tax charge on heating kerosene is comprised of a non-carbon component currently set at €0.00 and a carbon component, currently set at €103.83 per 1,000 litres and scheduled to increase to €122.83 in May. The cost of reducing the carbon component to zero cents per 1,000 litres for the timeframes set out in the question are contained in the following table.
|
- |
Kerosene |
||
|
Period |
MOT €m |
VAT €m |
Total €m |
|
1 February to 31 March 2023 |
25.7 |
3.3 |
28.9 |
|
1 February to 30 June 2023 |
39.1 |
5.1 |
44.1 |
|
1 March to 31 March 2023 |
11.0 |
1.4 |
12.4 |
|
1 March to 30 June 2023 |
24.4 |
3.2 |
27.6 |
|
1 March to 31 December 2023 |
84.2 |
10.9 |
95.1 |
These estimates are based on the most recent consumption data available and do not account for any behavioural changes.
