Joan Burton (Dublin West, Labour)
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Question 521: To ask the Minister for Finance the estimated additional revenue expected to accrue to the Exchequer in terms of excise duties and VAT over and above the estimates at Budget 2006, arising from the increase in the price of petrol and other oil products; and if he will make a statement on the matter. [29425/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I am advised by the Revenue Commissioners that the additional revenue likely to accrue to the Exchequer arising from the increase in the price of petrol and other oil products relates to the Value Added Tax portion of the increased price since the start of the year. The revenue collected from mineral oil excises does not fluctuate with price changes. The estimated yield of additional value added tax over and above the Budget estimate, based on provisional volume clearances to the end of August and also assuming that the current prices are maintained for the remainder of the year and that there is no reduction in consumption is as set out in the following table:

It should, however, be borne in mind that to the extent that spending in the economy is re-allocated to energy products and away from other VAT liable spending and to the extent that the overall level of economic activity is reduced by higher oil prices, there may be little or no net gain to the Exchequer.

Joan Burton (Dublin West, Labour)
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Question 522: To ask the Minister for Finance the excise duty and approximate VAT charge on a litre of home heating oil in the domestic market in May 2006; the amount of excise duty and VAT included in the cost of a typical delivery of 1,000 litres of home heating oil; and if he will make a statement on the matter. [29426/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that the information requested as at September 2006 is set out in the following table. The information is based on a price of €651.90 for 1,000 litres of Kerosene and €650.60 for 1,000 litres of home heating Diesel (Marked Gas Oil).

The reduced VAT rate of 13.5 per cent is applied to home heating oil. In Budget 2006, I halved the excise rate (from €32.00 to €16.00) for Kerosene, the primary home heating fuel, and also announced in advance that the excise on Kerosene used for home heating will be reduced to zero in this year's Budget.