# Finance Act 1998, Section 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.

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Source: https://www.legislation.gov.uk/ukpga/1998/36/section/7 (the official version)
Page: https://openlegislation.uk/finance-act-1998/section-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.