Sharp rise in motor fuel prices in August - AA Ireland
Motor fuel prices in Ireland have risen significantly, prompting opposition parties to call for the postponement of planned excise duty increases. The government is currently reviewing the impact of these costs on households during the cost-of-living crisis.
Why it matters
Rising fuel costs directly impact inflation and household disposable income, creating political pressure on government fiscal policy.
Opposition parties have urged the Government to postpone plans to return fuel excise duty costs to their full price due to ongoing concerns over the cost-of-living crisis.
It comes as new figures from AA Ireland indicate that the average cost of a litre of diesel on forecourts has risen by 19c to €1.92 in the past month, with petrol increasing by 9c a litre to €1.84 over the same period.
It means that a motorist buying 50 litres of fuel is spending, on average, €9.50 more for diesel or €4.50 more for petrol since early July.
In April the Government increased temporary fuel excise cuts to 32c on a litre of diesel and 27c for petrol.
However, those reductions are due to be unwound on a phased basis between September and December.
Ministers have repeatedly said they are keeping the situation under review.
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