Further fuel price measures may be needed, says Taoiseach
Irish Taoiseach Micheál Martin has indicated that the government may need to introduce further subsidies to combat rising fuel prices. The potential measures are being discussed as global oil prices remain high due to ongoing geopolitical tensions in the Middle East.
Why it matters
Rising energy costs directly impact household inflation and economic stability, forcing governments to balance fiscal policy with public relief.
Taoiseach Micheál Martin has intimated there may be a need for further measures to help combat the rising prices of petrol and diesel.
The Fianna Fáil leader was speaking on the second day of his party's annual think-in Tullamore after the lobby group Fuels for Ireland last week claimed diesel prices had risen to about €2 a litre in some forecourts.
Mr Martin refused to rule out a further subsidy for fuel after the Coalition last month moved to extend excise cuts - introduced in the Spring - until November amid the ongoing blockage of the Strait of Hormuz with no resolution to the US-Iran war in sight.
"We have to look at that and we are discussing that in the next two to three weeks in terms of the overall picture.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in