Richard O'Donoghue (Limerick County, Independent) | Oireachtas source

I move amendment No. 30:

In page 103, to delete lines 12 to 31 and substitute the following:

“

10 March 2022 to 1 May 2030

€165.11

€165.11

€165.11

€165.11

€165.11

€20.84

€20.01

€120.55

€18.27

€54.68

€9.36

"

This amendment follows the start of section 43, which states:

Amendment of Schedule 2 to Finance Act 1999 (rates of mineral oil tax)

43.The Finance Act 1999 is amended with effect as on and from 28 September 2022 by the substitution of the following for Schedule 2 (amended by section 12 of the Finance (Covid-19 and Miscellaneous Provisions) Act 2022):

“SCHEDULE 2

RATES OF MINERAL OIL TAX

This amendment effectively slashes mineral oil tax, which is made up mainly of excise duties and carbon taxes. Based on section 43 of the Bill, the Government plans to revert all mineral oil taxes to the higher thresholds from March 2023. Additionally, this form of taxation will jump significantly in future years as part of the Government's climate action agenda. This will have a devastating impact on motorists and the entire transport sector. For example, the Government reduced excise on petrol to 46 cent per litre in March 2022. At the time, the Rural Independent Group proposed a total cap of 16.5 cent per litre. Now the Government is ploughing ahead with an increase in the mineral oil tax on petrol. It will be 65 cent per litre from March 2023, 67 cent per litre from May 2024, 70 cent per litre from October 2025, and 78 cent per litre from May 2030.

The Government is out of touch with what it is doing to people in the area of transport. With the transition, the Government is delivering a blow to families who are working but have no other option but to travel with a motorised vehicle. In the transport sector, the Government is causing higher costs for the production of food and for transport across this country. It will target low-income people in the country.

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