Written answers
Tuesday, 24 January 2023
Department of Finance
Tax Code
Martin Kenny (Sligo-Leitrim, Sinn Fein)
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246. To ask the Minister for Finance the estimated cost of extending the existing reduced rates applicable to petrol and diesel until the end of June 2023; and if he will make a statement on the matter. [3181/23]
Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the estimated cost of extending the reduced rates of Mineral Oil Tax (MOT) applicable to petrol and diesel until the end of June 2023 are shown in the following table.
Fuel Type | MOT €m | VAT €m | Total €m |
---|---|---|---|
Petrol | 54.4 | 12.5 | 67.0 |
Diesel | 161.6 | 11.9 | 173.5 |
These estimates are based on recent consumption data and do not account for any behavioural change.
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