Oireachtas Joint and Select Committees

Tuesday, 3 July 2018

Committee on Budgetary Oversight

Environmental Impact of Fiscal Instruments: Discussion (Resumed)

4:00 pm

Mr. Tony Goodwin:

Currently, the base level is €1 plus VAT. The sliding rate brings it from zero cent up to 7.5 cent and 7.5 cent is repayable when diesel is priced at €1.25 per litre plus VAT. It is not that our members get back the increases, they only get the smallest portion back on a sliding scale. I can read out the detail if the Deputy wishes. If the price is €1.25 per litre plus VAT, which would be €1.54 per litre at the pumps, the rebate would be 7.5 cent. If, for example, the price were lower, say, €1.10 per litre plus VAT, which would be €1.35 per litre at the pumps, the rebate would be 3 cent. It is not the case that our members would get a rebate of any increases.

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