Niamh Smyth
Ceist:234. Deputy Niamh Smyth asked the Minister for Finance his plans not to increase the excise fuel duty on the freight industry; and if he will make a statement on the matter. [46577/17]
Amharc ar fhreagraTuesday, 7 November 2017
Ceisteanna (234)
Freagraí scríofa
My decision not to increase the rate of excise duty applying to petrol and diesel in Budget 2018 ensures that the applicable rates have remained unchanged since 2012.
To protect road transport operators from exposure to increases in the price of oil a fuel rebate scheme was introduce in July 2013. This scheme, known as the Diesel Rebate Scheme, provides a partial refund of excise duty on the basis of the retail price of fuel. Once a litre of diesel is above €1.23, qualifying road transport operators can apply for a refund of 1c per litre and this increases on a sliding scale up to 7.5c per litre if the price of fuel reaches €1.54 per litre.