Michael McGrath (Cork South Central, Fianna Fail)
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Question 76: To ask the Minister for Finance the cost to the Exchequer of each of a 5 cent, 10 cent and 20 cent reduction in tax excise and VAT included on consumer liquid motor fuels. [36119/12]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the annual cost to the exchequer of the changes mentioned in the question are estimated as follows: Reduction Petrol €m Diesel €m

5c 80 98

10c 162 197

20c (18.33c diesel) 327 365

It should be noted that maximum decrease permissable for diesel is 18.33 cent. Accordingly the yield figure of €365m shown for diesel represents a decrease of 18.33 cent not 20 cent.