Dáil debates
Wednesday, 7 December 2005
Financial Resolution No. 1: Mineral Oils.
7:00 pm
Bertie Ahern (Dublin Central, Fianna Fail)
I move:
(1) THAT for the purposes of the tax charged by virtue of section 95 of the Finance Act 1999 (No. 2 of 1999), that Act is amended, with effect as on and from 8 December 2005, by substituting the following for Schedule 2 to that Act, as amended by section 64 of the Finance Act 2005 (No. 5 of 2005):
| Rates of Mineral Oil Tax. | |
| Description of Mineral Oil | Rate of Tax |
| Light Oil: | |
| Leaded petrol | â'¬553.04 per 1,000 litres |
| Unleaded petrol | â'¬442.68 per 1,000 litres |
| Super unleaded petrol | â'¬547.79 per 1,000 litres |
| Aviation gasoline | â'¬276.52 per 1,000 litres |
| Heavy Oil: | |
| Used as a propellant with a maximum sulphur content of 50 milligrammes per kilogramme | â'¬368.05 per 1,000 litres |
| Other heavy oil used as a propellant | â'¬420.44 per 1,000 litres |
| Kerosene used other than as a propellant | â'¬16.00 per 1,000 litres |
| Fuel oil | â'¬14.78 per 1,000 litres |
| Other heavy oil | â'¬47.36 per 1,000 litres |
| Liquified Petroleum Gas: | |
| Used as a propellant | â'¬63.59 per 1,000 litres |
| Other liquified petroleum gas | â'¬10.00 per 1,000 litres |
| Substitute Fuel: | |
| Used as a propellant | â'¬368.05 per 1,000 litres |
| Other substitute fuel | â'¬47.36 per 1,000 litres |
| Coal: | |
| For business use | â'¬4.18 per tonne |
| For other use | â'¬8.36 per tonne |
(2) It is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act 1927 (No. 7 of 1927).
The resolution provides with effect from midnight for reductions in the non-auto rates of mineral oil, gas, kerosene and LPG, which, when VAT is included, amount to 1.8 cent on a litre of kerosene and 1.2 cent on a litre of LPG. These rate reductions are expected to impact primarily on the cost of heating fuel. It is estimated that the cost to the Exchequer of these reductions will be approximately €1.5 million this year and €22.7 million next year. The measure will reduce the consumer price index by approximately 0.015%.
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