Written answers

Wednesday, 17 October 2012

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will set out in tabular form the cost to the Exchequer of reducing the excise rate on fuel per litre by one cent; two cent; three cent; four cent; five cent; six cent; seven cent; eight cent; nine cent and ten cent. [45105/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Assuming that the Deputy is referring to auto-fuels, I am informed by the Revenue Commissioners that the costs requested by the Deputy are set out in the table below:

Decrease (VAT Inclusive)Unleaded Petrol – Cost to ExchequerAuto-Diesel – Cost to Exchequer
1c-15.7m-19.4m
2c-31.7m-38.9m
3c-47.8m-58.4m
4c-63.9m-78.0m
5c-80.1m-97.6m
6c-96.3m-117.3m
7c-112.6m-137.1m
8c-128.8m-156.9m
9c-145.2m-176.7m
10c-161.5m-196.6m

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