Friday, August 31 17:52:57
Retail Ireland, the IBEC group that represents the retail sector, today welcomed the seizure by Revenue's Customs Services of 20,000 litres of laundered fuel at Dublin Port. The laundered fuel was in the process of being exported out of the country. The group called for more resources to be invested in tackling the problem.
Retail Ireland estimates that the illegal fuel trade is costing the Exchequer at least E150 million in lost taxes every year. Since 2010, 19 oil laundries have been detected and closed, and 690,000 litres of oil seized. At least 12pc of all diesel sold in Ireland is illegal.
Welcoming today's seizure, Retail Ireland Chairman and Topaz Retail Director Frank Gleeson said: "As well as depriving the State of much needed revenue, the process of laundering fuel is an environmental hazard, polluting local water with harmful consequences for livestock. Illegal diesel is also seriously damaging to cars. The scale of the lost revenue means it makes economic sense to invest more in tackling the problem."