The Petroleum Product Levy (also known as the NORA levy) is charged at a rate of 2 cent per litre since 2009, on most petroleum products when placed on the market. The levy, which is paid by consumers and most commercial users of oil, is collected by the oil companies and paid to the National Oil Reserves Agency (NORA). The purpose of the levy is to provide for the activities of NORA in the maintenance of the State’s strategic oil reserve and from 1st August 2020, on the commencement of the National Oil Reserves Agency (Amendment) and Provision of Central Treasury Act 2020, to fund the Climate Action Fund.
The NORA levy is one of a number of revenue generating measures applied to diesel, along with Excise Duty, the Carbon Tax and VAT, which contribute to it's market price. Currently there are no plans to increase the rate of the NORA levy, nor has my Department received any representations from the haulage sector on this matter.