Planned increases to fuel excise duty from next month will not go ahead, Government says
The Irish government has decided to delay planned increases to fuel excise duties scheduled for September and October. The move aims to mitigate the impact of rising petrol and diesel costs on consumers amid global economic pressures.
Why it matters
This reflects the government's attempt to balance fiscal policy with the immediate cost-of-living concerns of its citizens.
The Government is to stall planned increases to fuel excise duty that were due to kick in at the start of next month.
The rises, part of a phased move to reinstate cuts to excise and the National Oil Reserves Agency levy introduced earlier in the year, will not go ahead on September 1st and October 1st, the Coalition said in a statement on Friday.
It noted that a “pathway to gradually restore rates to pre-reduction levels, starting from September 1st” had been set out in June, but it was “clear that in the intervening period there has been a change in the global situation and as a consequence the cost of petrol and diesel for consumers”.
The statement added that “the next steps” would be agreed next week.
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