Dáil Éireann Debate, Thursday - 21 March 2024
186. Deputy Pearse Doherty asked the Minister for Finance the estimated cost to the Exchequer in 2024 of not proceeding with scheduled increases in excise duty on petrol and diesel on 1 April 2024, 1 August 2024 and 9 October 2024. [13556/24]
Amharc ar fhreagraI am advised by Revenue that the estimated cost to the Exchequer of not proceeding with the scheduled increases in rates on Mineral Oil Tax (MOT) for petrol and auto diesel on 1 April 2024, 1 August 2024, and 9 October 2024, is shown in the following table. The yield will not accrue if these increases do not proceed as scheduled
|
Fuel Type |
MOT €m |
VAT €m |
Total €m |
|
Petrol |
|||
|
1-Apr-24 |
22.5 |
5.2 |
27.7 |
|
1-Aug-24 |
10.9 |
2.5 |
13.4 |
|
9-Oct-24 |
2.4 |
0.5 |
2.9 |
|
Petrol Total |
35.8 |
8.2 |
44.0 |
|
Diesel |
|||
|
1-Apr-24 |
59.7 |
4.4 |
64.1 |
|
1-Aug-24 |
29.9 |
2.2 |
32.1 |
|
9-Oct-24 |
10.7 |
0.8 |
11.5 |
|
Diesel Total |
100.3 |
7.4 |
107.7 |
|
Overall Total |
136.1 |
15.6 |
151.7 |
