Summary
Fuel prices in Ireland are decreasing after the government cut taxes on petrol and diesel. The new tax rates started at midnight, reducing the cost by 20 cents per litre for diesel and 15 cents for petrol. The cuts are part of a plan to help people deal with increased prices due to conflict in the Middle East.
Key Facts
- The Irish government cut excise duty by 20 cents per litre for diesel and 15 cents for petrol.
- The new rates began at midnight, affecting fuel leaving depots from then on.
- Petrol prices were around €2 per litre and diesel was between €2.20 and €2.30 before the cuts.
- Some petrol station prices have started to drop as a result of these tax cuts.
- The Irish Prime Minister, Micheál Martin, stated these measures are temporary and will be reviewed.
- Additional measures include a reduction in a levy on home-heating oil and a temporary increase in diesel rebates.
- The overall support package is expected to cost approximately €235 million.
