1979 c. 5.

http://www.legislation.gov.uk/ukpga/1998/36/section/7Finance Act 1998An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.1998-07-31texttext/xmlenStatute Law Database2026-04-22Expert Participation2026-03-18Finance Act 1998Sch. 18 Pt. 9CCorporation Tax Act 2009Sch. 1 para. 454(11)Sch. 3 Pt. 1Sch. 2 Pt. 12s. 1329(1)Finance Act 1998Sch. 18 Pt. 9C titleFinance Act 2006Sch. 3 para. 9Part I Excise Duties Hydrocarbon oil duties
7 Rates of duties and rebates.(1)

In section 6(1A) of the Hydrocarbon Oil Duties Act 1979 (rates of duty on hydrocarbon oil)—

(a)

in paragraph (a) (light oil), for “£0.4510" there shall be substituted “ £0.4926 ”;

(b)

in paragraph (b) (ultra low sulphur diesel), for “£0.3928" there shall be substituted “ £0.4299 ”; and

(c)

in paragraph (c) (heavy oil that is not ultra low sulphur diesel), for “£0.4028" there shall be substituted “ £0.4499 ”.

(2)

In section 11(1) of that Act (rebate on heavy oil)—

(a)

in paragraph (a) (fuel oil), for “£0.0200" there shall be substituted “ £0.0218 ”; and

(b)

in each of paragraphs (b) and (ba) (gas oil which is not ultra low sulphur diesel and ultra low sulphur diesel), for “£0.0258" there shall be substituted “ £0.0282 ”.

(3)

In section 13A(1A) of that Act (rebate on unleaded petrol)—

(a)

in paragraph (a) (higher octane unleaded petrol), for “£0.0150" there shall be substituted “ £0.0050 ”; and

(b)

in paragraph (b) (other unleaded petrol), for “£0.0482" there shall be substituted “ £0.0527 ”.

(4)

In section 14(1) of that Act (rebate on light oil for use as furnace fuel), for “£0.0200" there shall be substituted “ £0.0218 ”.

(5)

This section shall be deemed to have come into force at 6 o’clock in the evening of 17th March 1998.