Written answers
Thursday, 21 March 2024
Department of Finance
Tax Data
Pearse Doherty (Donegal, Sinn Fein)
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186. To ask the Minister for Finance the estimated cost to the Exchequer in 2024 of not proceeding with scheduled increases in excise duty on petrol and diesel on 1 April 2024, 1 August 2024 and 9 October 2024. [13556/24]
Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the estimated cost to the Exchequer of not proceeding with the scheduled increases in rates on Mineral Oil Tax (MOT) for petrol and auto diesel on 1 April 2024, 1 August 2024, and 9 October 2024, is shown in the following table. The yield will not accrue if these increases do not proceed as scheduled
Fuel Type | MOT €m | VAT €m | Total €m |
|---|---|---|---|
| Petrol | |||
| 1-Apr-24 | 23.2 | 5.3 | 28.5 |
| 1-Aug-24 | 12.7 | 2.9 | 15.6 |
| 9-Oct-24 | 9.1 | 2.1 | 11.2 |
| Petrol Total | 45.0 | 10.3 | 55.3 |
| Diesel | |||
| 1-Apr-24 | 59.6 | 4.4 | 64.0 |
| 1-Aug-24 | 33.8 | 2.5 | 36.3 |
| 9-Oct-24 | 26.0 | 1.9 | 27.9 |
| Diesel Total | 119.4 | 8.8 | 128.2 |
| Overall Total | 164.4 | 19.1 | 183.5 |
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