Written answers

Tuesday, 4 February 2014

Photo of Terence FlanaganTerence Flanagan (Dublin North East, Independent)
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187. To ask the Minister for Finance the position regarding the price of home heating oil (details supplied); and if he will make a statement on the matter. [5532/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Fuel prices are driven by a number of factors including the price of oil on international markets, exchange rates, production costs and refining costs. The fluctuation in oil prices over recent years reflected additional factors such as geopolitical uncertainty in Northern Africa and the Middle East with potential supply disruptions.

As Minister for Finance I have no jurisdiction or control over market pricing of fuel.  I have responsibility only for the tax element of fuels. The tax applicable to marked kerosene and marked gas oil used at home heating oils at present are as follows:  

Marked Gas Oil (per 1,000 litres)Kerosene (per 1,000 litres)
Excise Rate  VAT Rate Excise Rate              VAT Rate
€102.2813.5%€50.7313.5%

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