Seanad debates

Wednesday, 14 November 2007

10:30 am

Photo of Terry LeydenTerry Leyden (Fianna Fail)

I am sure I speak for all in expressing concern about the increase in the price of a barrel of oil up to $94, which is beyond our control. The Exchequer will gain quite considerably through VAT and excise duty on the cost of diesel, which is approximately €1.14 per litre, and petrol, which is approximately €1.18 per litre. The prices are quite consistent throughout the country, except for the famous filling station along the quays. I do not believe we will get an opportunity to meet the Minister for Finance in this forum before the budget. We will meet him at the Fianna Fáil Parliamentary Party. We are making detailed budgetary submissions to the Minister and the rest of the Cabinet. We are availing of the opportunity we have in that respect. I will ask the Minister, Deputy Cowen, to ensure that the tax windfall that is about to accrue to the Revenue Commissioners will be ring-fenced to assist people on carer's allowance.

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