Dáil Éireann Debate, Thursday - 21 September 2023
147. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of reducing the level of excise applied to home heating oil from €122.83 to €100, €72.83, €60 and €0.00, from 12 October 2023 to end-2023 and from 1 January 2024 to end-March 2024 respectively, in tabular form. [40897/23]
View answerI am advised by Revenue that the estimated costs of reducing the levels of excise applied to home heating oil from €122.83 to €100, €72.83, €60 and €0.00, from 12 October 2023 to end-December 2023, and from 1 January 2024 to end-March 2024, are shown in the following table.
|
Proposed Rates |
Year |
MOT €m |
VAT €m |
Total €m |
|
€100 per 1,000 litres |
2023 |
3.5 |
0.5 |
4.0 |
|
€100 per 1,000 litres |
2024 |
10.6 |
1.4 |
12.0 |
|
€72.83 per 1,000 litres |
2023 |
7.7 |
1.0 |
8.7 |
|
€72.83 per 1,000 litres |
2024 |
23.1 |
3.1 |
26.3 |
|
€60 per 1,000 litres |
2023 |
9.6 |
1.3 |
10.9 |
|
€60 per 1,000 litres |
2024 |
29.1 |
3.9 |
33.0 |
|
€0 per 1,000 litres |
2023 |
18.9 |
2.5 |
21.4 |
|
€0 per 1,000 litres |
2024 |
56.8 |
7.7 |
64.5 |
These estimates are based on the most recently available data and do not account for any future behavioural changes.
