Govt may revisit timetable for restoring fuel excise cuts
There are signals within the Government that the timetable for restoring excise cuts on fuel may have to be revisited.
Government officials are considering whether to adjust the timeline for restoring fuel excise cuts, according to recent reports. Initially, the coalition had planned to reverse excise cuts on petrol and diesel fuel in four stages from September to December. However, recent data indicates that fuel prices at service stations have not declined as expected, raising questions about the feasibility of this schedule.
The Irish Farmers Association and the Irish Road Haulage Association have both urged the government to postpone the planned increases. As of late August, the average price of diesel had climbed by 19 cents per litre to €1.92, while petrol prices had increased by 9 cents per litre to €1.84. The government spokesperson confirmed that while no final decision has been made, they are closely monitoring the situation and maintaining the option to modify the plan if necessary.
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