Excise duty (Mineral Oil Tax) makes up a large part of the price of petrol and diesel in Ireland. For example – 63.67c mineral oil tax is charged on every litre of petrol. (In the UK they charge a fuel duty of 57.95 pence per litre on both petrol and diesel) Fuel prices rose sharply […]
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A carbon tax is a tax on the use of fossil fuels such as oil, petrol, diesel, gas, coal and peat. Budget 2022 announced an increase to the Carbon Tax in Ireland The Carbon Tax rate of €33.50 a tonne was increased by €7.50 a tonne to around €41 a tonne. That resulted in a […]
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Oil prices have climbed to their highest level in 30 months in London as Libya’s uprising reduced shipments and sparked fears of unrest spreading across the Middle East. Brent crude hit $119 a barrel for the first time since August 2008. Major western oil companies, such as Italian firm Eni and Spain’s Repsol-YPF, have suspended […]
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