Written answers
Thursday, 8 May 2008
Department of Finance
Tax Yield
5:00 pm
Leo Varadkar (Dublin West, Fine Gael)
Link to this: Individually | In context
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]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context
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 Price | 5 Cent | 10 Cent |
â'¬m | â'¬m | |
Petrol | 108.47 | 214.70 |
Diesel | 116.38 | 230.67 |
Total | 224.85 | 445.37 |
5 Cent Increase in Duty + VAT | 10 Cent Increase in Duty + VAT | |
Increase in Price | 6.05 Cent | 12.1 Cent |
â'¬m | â'¬m | |
Petrol | 130.92 | 258.78 |
Diesel | 140.55 | 278.05 |
Total | 271.47 | 536.83 |
No comments