Government pauses fuel duty rises amid crisis
The Government has decided to halt planned fuel excise duty increases scheduled for September and October in response to shifting global conditions. This move aims to ease the financial pressure on consumers as the conflict in the Middle East continues to affect petrol and diesel prices.
Source:
Gov.ie / MerrionStreet
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⏱️ 1 min read
Since the outbreak of the conflict in the Middle East, the Government has maintained a vigilant stance, monitoring developments closely while reserving the option to adjust fiscal measures as necessary. This measured, phased approach has resulted in one of the most substantial fiscal interventions among EU nations this year, aimed at alleviating petrol costs, supporting those vulnerable to energy poverty, and bolstering key sectors vital to sustaining economic activity.
In June, the Government extended temporary reductions on fuel excise duty and the National Oil Reserves Agency Levy (NORA), establishing a gradual plan to restore rates to their pre-reduction levels beginning on 1 September. However, due to recent changes in the global landscape impacting petrol and diesel prices, the Taoiseach, Tánaiste, and Minister of State Seán Canney have agreed to suspend the planned increases initially set for September and October.
The Government will decide on the next steps in the coming week. It emphasises that the most significant economic relief would come from a de-escalation of the Middle East conflict. Meanwhile, preparations continue for the Budget on 6 October, which promises decisive measures to assist with the cost of living, including incentives to reward work, reduce expenses, and safeguard the economy.
In June, the Government extended temporary reductions on fuel excise duty and the National Oil Reserves Agency Levy (NORA), establishing a gradual plan to restore rates to their pre-reduction levels beginning on 1 September. However, due to recent changes in the global landscape impacting petrol and diesel prices, the Taoiseach, Tánaiste, and Minister of State Seán Canney have agreed to suspend the planned increases initially set for September and October.
The Government will decide on the next steps in the coming week. It emphasises that the most significant economic relief would come from a de-escalation of the Middle East conflict. Meanwhile, preparations continue for the Budget on 6 October, which promises decisive measures to assist with the cost of living, including incentives to reward work, reduce expenses, and safeguard the economy.
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