Question 1

What does the National Oil Reserves Agency (Amendment) Bill 2026 do?

Accepted Answer

Reduces the NORA Levy (Petroleum Product Levy) from 2 cents per litre to a nominal amount from 1 April to 1 June 2026. Minister can extend or adjust the reduction period by ministerial order if needed; estimated to reduce levy income by approximately €20 million. Aims to ease financial impact of energy price inflation; NORA's substantial reserves ensure it can continue operations without Exchequer funding.

Question 2

What stage is the National Oil Reserves Agency (Amendment) Bill 2026 at?

Accepted Answer

As of 31 Mar 2026, the National Oil Reserves Agency (Amendment) Bill 2026 is at Enacted. Once a bill passes every stage in both Houses of the Oireachtas and is signed by the President, it becomes law.

Question 3

Who introduced the National Oil Reserves Agency (Amendment) Bill 2026?

Accepted Answer

The National Oil Reserves Agency (Amendment) Bill 2026 was sponsored by Minister for Climate, Energy and the Environment, and was introduced on 25 Mar 2026.

National Oil Reserves Agency (Amendment) Bill 2026

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