Michael McGrath (Cork South Central, Fianna Fail)
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178. To ask the Minister for Finance the cost to the State of reducing excise duty on petrol and diesel by 10% in each case; the impact per litre, including VAT, this would have on the retail selling price ceteris paribus; and if he will make a statement on the matter. [1742/15]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the estimated annual Exchequer cost of reducing the excise duty on petrol and diesel by 10% is around €96m and €127m respectively. The impact per litre is shown in the following table: