Jack Wall
Ceist:214 Mr. Wall asked the Minister for Finance the effects the Budget 2006 changes have had on home heating oil prices; and if he will make a statement on the matter. [11757/06]
Amharc ar fhreagraTuesday, 28 March 2006
Ceisteanna (195)
Freagraí scríofa
The changes I announced in the budget — a halving of the excise rates for kerosene and LPG — were undertaken in order that consumers would benefit directly from such a move. In addition, I announced in advance that these excise rates will be reduced to zero in next year's budget.
The excise tax reductions should ensure that the price of kerosene is approximately €16 per 1,000 litres cheaper than would be the case without the excise reduction. In the case of LPG the appropriate reduction is €10 per 1,000 litres. Of course, prices can fluctuate due to a range of non-tax factors, and this is particularly the case in respect of oil products given the day-to-day movements in price arising from supply issues. In addition, as is the case with motor fuels, prices can vary between suppliers. Notwithstanding this, my Department has made contact with the relevant industry body stressing that the excise tax reductions should be passed on to consumers.