I 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.