Wednesday, 10 July 2019
Department of Communications, Climate Action and Environment
National Oil Reserves Agency
326. To ask the Minister for Communications, Climate Action and Environment the additional projected yield in 2020 from a one cent increase in the National Oil Reserve Agency levy; and if he will make a statement on the matter. [30300/19]
The current rate of the NORA levy is 2 cent per litre, payable when oil is placed on the market. The levy was set at this rate in 2009. In 2018 the total NORA levy amounted to €134m. A one cent increase in the levy would, other things being equal, result in an increase of approximately €65m in the total annual amount.