Written answers
Tuesday, 23 July 2024
Department of Finance
Tax Collection
Pearse Doherty (Donegal, Sinn Fein)
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403.To ask the Minister for Finance the estimated cost to the Exchequer in 2025, and specifically from 1 January 2025 to 1 October 2025, of not proceeding with the scheduled increase in excise duty on petrol, diesel and marked gas oil, respectively, on 1 August 2024. [33233/24]
Jack Chambers (Dublin West, Fianna Fail)
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I am advised by Revenue that the estimated cost to the Exchequer in 2025, and specifically for the period 1 January 2025 to 1 October 2025, of not proceeding with the scheduled increase in the non-carbon component Mineral Oil Tax rates on petrol, diesel and marked gas oil respectively on 1 August 2024 is shown in the following table.
Fuel Type | MOT €m | VAT €m | Total €m |
---|---|---|---|
Petrol | 25.2 | 5.8 | 31.0 |
Diesel | 65.1 | 4.8 | 69.9 |
MGO | 10.6 | 0.6 | 11.2 |
Total | 100.9 | 11.2 | 112.1 |
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