Harris indicates further budget measures on fuel poverty

Tánaiste Simon Harris has announced further budget measures to address fuel poverty following a recent budget discussion. He explained that the government made the decision to gradually restore excise on diesel and petrol prices on September 1st when the global prices were significantly different. Harris highlighted the rapid changes in the global environment within a span of four to six weeks, emphasizing the need for the government to be humble, agile, and nimble in responding to such changes.

The excise cuts, Harris revealed, are costing approximately €100 million per month. To fund this, the government will run a smaller budget surplus. Additionally, Harris mentioned that there will be further measures in the upcoming budget to combat fuel poverty. He noted that the fuel allowance scheme, which benefits more people this season, will be reactivated soon.

Regarding the carbon tax, Harris stated that no decision has been made yet on the next scheduled increase in October, but he expressed support for the tax. The Minister for Finance acknowledged that carbon tax was implemented before the war in Ukraine and the situation in the Middle East, suggesting that there are policy options for the government to consider. Harris stressed that these options will be evaluated comprehensively, acknowledging that none of them are entirely free.