National Oil Reserves Agency (Amendment) Bill 2026

Public bill · Government · Presented

The National Oil Reserves Agency levy on most petrol and diesel would be cut from 2 cent per litre to a nominal amount from 1 April 2026 to 1 June 2026, with power for the Minister to change that period later by order if needed. The aim is to ease the pressure of rising energy prices, while still allowing the National Oil Reserves Agency to keep operating from its existing reserves. The change is expected to reduce levy income by about €20 million over two months, but it would not cost the Exchequer anything.

Formal long title

Bill entitled an Act to amend the rate of levy under section 37 of the National Oil Reserves Agency Act 2007 for a certain period, and for such further period or periods as may be specified by order or orders (if any) of the Minister for Climate, Energy and the Environment; and to provide for related matters. 

Last updated 31 March 2026