Summary
The Irish government plans to lower the excise duty on petrol and diesel starting at midnight on Wednesday to assist people dealing with fluctuating fuel prices due to the Middle East conflict. The duty on diesel will decrease by 20 cents and petrol by 15 cents until the end of May. The decision was made during a leaders' meeting and will require cabinet approval.
Key Facts
- The excise duty on diesel will drop by 20 cents per litre.
- The excise duty on petrol will drop by 15 cents per litre.
- Changes will start at midnight on Wednesday and last until the end of May.
- A diesel rebate scheme for hauliers and bus operators will be backdated.
- Diesel prices recently rose to between €2.20 and €2.30 per litre.
- Petrol prices recently rose to about €2 per litre.
- The Irish Prime Minister, Micheál Martin, mentioned US President Donald Trump's decision to postpone strikes against Iran.
- The fuel duty changes will be part of a €235 million package, also aiming to support pensioners, carers, and people with disabilities.
