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Displaying items by tag: fuel duty

#NEWS UPDATE - The Irish Petroleum Industry Association (IPIA) has proposed a suite of measures aimed at tackling the problem of illegal diesel washing in Ireland.

In a statement, the industry body for Ireland's fuel industry says that the practice is costing the Exchequer as much as €155 million annually in lost fuel duty.

"While other jurisdictions have to tackle this sort of fraud, the sheer scale of criminal washing of diesel is a particularly Irish disease," it said.

The IPIA's recommendations include the introduction of "a strong regulatory regime" to control the sale of rebated fuel, a new market for off-road diesel that is harder to disguise or remove, the closure of unlicenced filling stations, and a "radical overhaul" of the currently "absurd" penalties for offending retailers.

The Irish Angling Development Alliance (IADA) has fully backed the IPIA's proposals, citing the dangers of toxic waste byproducts from diesel washing operations.

"This toxic waste has been dumped illegally across the country, where it can enter the water table, not only seriously polluting water courses but also clean drinking water supplies."

Published in News Update

About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.