“When you have an emergency your response needs to include the exceptional,” chief executive Kevin McPartlan said.
In the case of diesel, a current €189.90 per litre charge constitutes a product cost of €100.73; 42.57 cent in excise; 35.51 cent in VAT; 2 cent in Nora levy ; 8.97 cent in carbon tax; and 0.12 cent in the Better Energy levy.shows taxes and charges account for 55 per cent of the cost of petrol and 51 per cent of diesel.With some debate about the ability of EU member states to unilaterally reduce VAT rates, FFI is pressing for a cut in excise duty, at least as a temporary measure.
“Ultimately, such a measure would be revenue neutral, as the lower rate will be balanced out by the higher prices and accordingly the tax take should still be as forecast.” which, in a letter to Taoiseach Micheál Martin and other Government party leaders on Friday, said shortages and price rises have “placed our sector in a perilous position”. It too called for a reduction in excise.