Written answers

Thursday, 8 May 2008

5:00 pm

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael)
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Question 104: To ask the Minister for Finance the amount of revenue that would be accrued from a 5 cent and 10 cent increase in duty on petrol and diesel; and if he will make a statement on the matter. [17424/08]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that the estimated amount of revenue that would accrue from a 5 cent and a 10 cent increase, inclusive and exclusive of VAT, in excise duty on petrol and diesel is as follows:

5 Cent Increase in Price (VAT Inclusive)10 Cent Increase in Price (VAT Inclusive)
Increase in Price5 Cent10 Cent
â'¬mâ'¬m
Petrol108.47214.70
Diesel116.38230.67
Total224.85445.37
5 Cent Increase in Duty + VAT10 Cent Increase in Duty + VAT
Increase in Price6.05 Cent12.1 Cent
â'¬mâ'¬m
Petrol130.92258.78
Diesel140.55278.05
Total271.47536.83

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