Dáil Éireann Debate, Wednesday - 27 September 2023
60. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of not proceeding with the legislated increase in excise duty on petrol and diesel to take effect on 31 October 2023, for 2023 and 2024, respectively, VAT inclusive. [41671/23]
View answerI am advised by Revenue that the estimated costs of not proceeding with the legislated increases in Mineral Oil Tax (MOT) rates for petrol and diesel, scheduled to take effect on 31 October 2023, in 2023 and 2024, are shown in the following table.
|
Year |
Fuel Type |
MOT €m |
VAT €m |
Total €m |
|
2023 |
Petrol |
5.2 |
1.2 |
6.3 |
|
2023 |
Diesel |
15.1 |
1.1 |
16.3 |
|
2024 |
Petrol |
62.5 |
14.4 |
76.8 |
|
2024 |
Diesel |
174.8 |
12.9 |
187.7 |
