A new carbon tax of €15 Euro per Tonne was announced in the 2010 Budget. The tax will apply to Petrol and Diesel from midnight tonight.
Petrol will go up by 4.2c a litre and deisel by 4.9c a litre
The Carbon tax will apply from 1 May 2010 to Kerosene, Marked Gas Oil, Liquid Petroleum Gas (LPG), Fuel Oil and Natural Gas. VAT will also be charged on the carbon tax.
From May 1st 2010 – the 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%)
See Our Gas Price Comparison here to see if you could save money on your gas bill.
The application of the tax to coal and commercial peat will be subject to a Commencement Order.
For some reason – Electricity is not subject to the carbon tax!
Update – Carbon Tax to be doubled by 2014 as part of National Recovery Plan