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Carbon tax on petrol and diesel to increase from Wednesday next week

The rate per tonne of carbon dioxide emitted by petrol and diesel vehicles will increase from €56 to €63.50.

THE PRICE OF motor fuel is set to rise after Finance Minister Jack Chambers announced tax increases on both petrol and diesel in Budget 2025 today. 

The rate per tonne of carbon dioxide emitted by petrol and diesel vehicles will increase from €56 to €63.50 from next Wednesday, 9 October. That is an increase of  just over 13%.

The increase will then be applied to all other fuels from 1 May 2025. 

“It’s clear that these taxes are punitive and regressive, hitting those who rely on their vehicles hardest,” Fuels for Ireland said in a statement. 

Kevin McPartlan, CEO of Fuels for Ireland has called on Minister Chambers to convene an expert group to review the current fuel tax system. 

“Our recent survey shows that 80% of motorists agree on the need for this urgent review,” he said.  

“The continuous rise in fuel prices is not only hurting consumers but is counterproductive. It risks destabilising businesses and pushing more families into financial hardship,” McPartlan said. 

The aim of a tax on carbon emmission is to discourage people from consuming carbon-emitting fuel and encourage them to waste less energy or move to more green-friendly fuels.

Taxing carbon is a method of reducing fossil fuel consumption that has appealed to governments because of its simplicity.

It is seen as a market-based approach to mitigating climate change, rather than a regulatory one; that is to say it puts a price on carbon rather than saying (hypothetically) that people could only use a certain amount of carbon in a year.

In Ireland, revenue from carbon tax is also ring-fenced by the Government and re-allocated for spending on climate action measures, such as retrofitting, agriculture schemes, and social protection for communities affected by climate action and the transition to a green economy.

However, as The Journal reported this week, not all of the “ringfenced” funds have been spent on climate action schemes.

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    Mute Cpm
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    Sep 17th 2014, 4:09 PM

    It’s worth whatever the market is willing to pay for it – not what the people trying to sell it are saying it’s worth.

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    Mute Martin Byrne
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    Sep 17th 2014, 4:17 PM

    Dublins iconic westin hotel? It’s hardly iconic.

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    Mute potatoman
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    Sep 17th 2014, 5:38 PM

    Must have meant ‘chronic’?

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    Mute Ciarán Byrne
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    Sep 18th 2014, 4:03 AM

    Estate agents will use savvy words like this to attract unexpected customers and will try to make you think you like a certain property,..

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    Mute Dara O'Brien
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    Sep 17th 2014, 4:46 PM

    So, what’s going on here, I ask?

    He bought Humewood for €25M and sold it to Malone for €7.2m then he bought the Westin with Malone now he’s selling a €50m hotel for €17m? ???

    I assume Malone will be involved in the purchase – curiouser and curiouser

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    Mute mcgoo
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    Sep 17th 2014, 5:37 PM

    Nice hotel, good meeting point for pre Thomond drinks and fodder

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    Mute Dessie Curley
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    Sep 17th 2014, 4:09 PM

    I will give you 50 euro

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    Mute Truthy Truth
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    Sep 17th 2014, 4:16 PM

    is it just me or are the ads on the journal set to open “on hover” because they open without being touched sometimes

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    Mute Winston Teardrops
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    Sep 17th 2014, 5:16 PM

    Viz Top Tips: Find the buyer who believes it is worth three times that, and simply sell it to them!

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    Mute Tony Skillington
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    Sep 17th 2014, 4:41 PM

    Some sod is hoovering up this kind of profit for a song…keep it for two years and flip it for a sweet profit.

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    Mute Tony Skillington
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    Sep 17th 2014, 4:41 PM

    *property*

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    Mute Ivon Itchie Saq
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    Sep 17th 2014, 4:04 PM

    17 million pffft that’s nothing

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    Mute Martin Keane
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    Sep 17th 2014, 11:37 PM

    170 employees. That’s the important point here.

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    Mute Gavin Stanley
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    Sep 17th 2014, 7:18 PM

    As it is a hotel, would it make sense for the government to buy it and turn it into a hospital. Surely cheaper than building one!!!

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    Mute Jason Campbell
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    Oct 13th 2014, 8:53 PM

    In it right now. It’s gorgeous. I’d buy it if I had 17 million…..but I dont :(

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