Carbon Tax on Gas and Oil from May 1st

The new Carbon tax that was introduced in the December Budget will  take effect  from this Saturday  1 May 2010 on  Kerosene, Marked Gas Oil, Liquid Petroleum Gas (LPG), Fuel Oil and Natural Gas. VAT will also be charged on the carbon tax.

This new carbon tax will result in a price increase of Kerosene (Heating Oil) by 4.3 cent a litre including VAT. This will mean an extra €43 Euro on 1000 litres – which is an increase of about 6.5%

Natural gas prices will rise by €0.00307 per kWh consumed. With the average annual gas usage in Ireland around 25000 Kwh – this will mean an increase of around €76 a year on the average gas bill. (About 7%).