Market report 2026
Irish heating oil market report
A practical breakdown of a recent 500L national average, the fixed taxes inside that bill, and where to check county prices.
Where does your money go?
When you pay €685 for 500 litres of kerosene (national average, updated Sat, 6 Jun, 9:56), part of the bill goes to fixed levies and taxes.
The Oil Cost (74.9%)
This covers the crude oil, refining, transport to Ireland, distribution to local depots, retail operating costs, and delivery to your tank. This part can move with global markets.
Carbon Tax (11.7%)
Revenue's kerosene carbon component is currently €160.81per 1,000 litres (about 16.1c/litre) before VAT (effective 8 Oct 2025).
VAT & NORA (13.4%)
VAT is charged at 13.5% on the total bill. The NORA (National Oil Reserves Agency) levy is a fixed 2.0c/litre charge to maintain Ireland's strategic oil reserves.
Check recent local prices
This report explains a national example. County pages show recent supplier prices to compare before you order.