Financial Resolution No. 4 provides with effect from midnight tonight for an increase in mineral oil tax on auto diesel, which, when VAT is included, amounts to 5 cent on a litre. The same increase is applied to jet kerosene for non-business use and to diesel use for private pleasure navigation. This is the first increase to the rate of mineral oil tax on auto diesel since December 2003. Following the increase, auto diesel is expected to be approximately 10 cent per litre cheaper than in Northern Ireland. The expected yield from this increase is approximately €70 million in 2009 and €100 million in a full year. The CPI will increase by approximately 0.4%.

See this item in context