Cathy Bennett (Cavan-Monaghan, Sinn Fein)
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762. To ask the Minister for Finance the amount that Ireland has had invested in companies which derive profit from their activities in illegal Israeli settlements in the occupied Palestinian territories, including east Jerusalem; the amount of profit Ireland has derived from such investments; the change in value of such investments in the years 2022 to date, by year and by company; and if he will make a statement on the matter. [43925/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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The National Treasury Management Agency (NTMA) has informed me that the below table lists ISIF’s exposure to companies involved in specified activities in the occupied Palestinian territories as listed on the UN Office of the High Commissioner for Human Rights database (the “UN Database”).

Note that these figures are based on the updated June 2023 UN Database.

During 2024, ISIF divested from six companies, which are on the UN Database, due to the risk profile of the investments no longer being within its investment parameters. The six companies were Bank Hapoalim BM, Bank Leumi-le Israel BM, Israel Discount Bank Ltd, Mizrahi Tefahot Bank Ltd, First International Bank Ltd and Rami Levi Chain Stores Ltd.

As per the most recent published 2024 Annual Report, the following are the direct holdings held at year end 2024 totalling €5.6m with the balance of €2.16m being held indirectly in Alstom, Altice, Booking Holdings, Motorola Solutions and Expedia.

ISIF continues to monitor its holdings to ensure that investments remain aligned with its risk profile and investment parameters.

The NTMA have informed me that given commercial sensitivities in respect of its investments, ISIF does not comment on individual investment decisions or transactions.

Matt Carthy (Cavan-Monaghan, Sinn Fein)
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763. To ask the Minister for Finance if he will outline the number of times he intends to increase the cost of petrol, diesel and home heating oil until 2030; the cost to consumers of each increase; the compounded total cost of the increase, by increase and by category; and if he will make a statement on the matter. [43927/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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Liquid fuels used for motor or heating purposes are subject to excise duty in the form of Mineral Oil Tax (MOT). MOT comprises a carbon and a non-carbon component with the carbon component also being referred to as carbon tax. The application of carbon tax to petrol and auto-diesel was introduced in December 2009, followed by the extension of carbon taxation to other liquid fuels on 1 May 2010.

Ireland’s carbon tax regime is a carbon pricing mechanism which directly links the taxation of fossil fuels to carbon dioxide (CO2) emissions: a single price is set for a tonne of CO2 and this price is then applied to each fuel type according to the level of CO2 emitted by that fuel when it is combusted. In this way, the carbon tax applying to each fuel type reflects the level of CO2 emissions that it releases.

Legislation was introduced in Finance Act 2020 to provide for annual increases in carbon tax rates up to May 2030, at which point all carbon tax rates will be based on charging €100 per tonne of CO2 emissions. Carbon tax rates on petrol and auto-diesel are legislated to increase at Budget time each October up to and including 2029, with rates on other liable fuels such as heating kerosene and marked gas oil legislated to increase each May (i.e. after the winter heating season) up to and including 2030. This means that MOT rates are set to increase a further five times over the remainder of the trajectory provided for in legislation.

Overall rates of MOT, and rates for the carbon component, up to 2030, are set out in Schedules 2 and 2A respectively of the Finance Act 1999 (as amended). I am advised by Revenue that a non-statutory consolidation of the MOT provisions of Finance Act 1999 is published on the Revenue website at www.revenue.ie/en/companies-and-charities/documents/excise/legislation/mot-primary-law.pdf. Carbon tax rates as set out in Schedule 2A are published on page 40 of this document. Current MOT rates are also published on the Revenue website at

The tables below detail the annual carbon tax rate changes that are set in legislation for petrol, auto-diesel, heating kerosene, and marked gas oil respectively up to 2030. For completeness, current rates along with non-carbon and total MOT rates are also included. In addition, the tables detail the annual and cumulative MOT rate increases per litre of fuel, inclusive of VAT at current rates of 23% on auto fuels and 13.5% on heating fuels. For ease of display the annual impact of the rate increase is rounded to one decimal point. As such there is a slight discrepancy between the cumulative impact of the annual figure and the total impact of the remaining increases of the carbon tax trajectory. The total impact figures given below are the cumulative amounts of the rounded figures for the annual increases.

The tables show that the overall increase in MOT (including VAT) between now and 2030, in accordance with the legislated trajectory of carbon tax increases, will result in a total tax increase of around 10 to 12 cents per litre, depending on the fuel.Table 1: Petrol

The total increase in MOT per litre VAT inclusive for Petrol over remainder of the carbon tax trajectory is 10.2 cent.

Table 2: Auto-Diesel

The total increase in MOT per litre VAT inclusive for diesel over the remainder of the carbon tax trajectory is 12.1 cent.

Table 3: Heating Kerosene

The total increase in MOT per litre VAT inclusive for Kerosene (Heating) over the remainder of the carbon tax trajectory is 10.7 cent.

Table 4: Marked Gas Oil (MGO)

The total increase in MOT per litre VAT inclusive for MGO over the remainder of the carbon tax trajectory is 11.2c.