Dáil Éireann Debate, Thursday - 26 March 2026
211. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance to outline the estimated full-year and short-term Exchequer cost of a 25 percent reduction in excise duty on petrol and diesel, including the associated reduction in VAT receipts arising from the lower pump price. [23348/26]
Amharc ar fhreagraI am advised by Revenue that the estimated full-year and short-term (six-month) cost of a 25 percent reduction on Mineral Oil Tax (MOT) for petrol and diesel, including the associated reduction in VAT receipts, are shown in the following tables:
|
25% Reduction on Petrol MOT |
MOT €m |
VAT €m |
Total €m |
|
Six Month Cost |
80.9 |
18.6 |
99.5 |
|
Full Year Cost |
157.0 |
36.1 |
193.1 |
|
25% Reduction on Diesel MOT |
MOT €m |
VAT €m |
Total €m |
|
Six Month Cost |
179.2 |
13.2 |
192.3 |
|
Full Year Cost |
351.0 |
25.8 |
376.8 |
