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Government Signs Off On Excise...

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Government Signs Off On Excise Duty Cut To Reduce Fuel Prices

98FM
98FM

01:11 9 Mar 2022


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It comes amid fuel prices skyrocketing across the country. 

The government has signed off on measures to reduce the cost of excise on fuel by a third.

It will lead to a 15 cent a litre drop in the price of diesel and 20 cent on petrol.

Public pressure had mounted on the government to make a change sooner rather than later.

Groups such as taxis and haulage companies said they were adversely affected by the prices.

However, opposition TDs have said the measures don't go far enough - as there are no measures for home heating oil.

Finance Minister Paschal Donohoe says he tried to strike a balance between helping people and affordability for the State.

"These taxes help to pay for everything. From the wages of our teachers, our nurses, and our gardaí."

"To the needs that we have with regard to roads, to schools and to social housing."

"The reductions are expected to reduce the cost of a fill of a 60-litre tank by 12 euro for petrol and by 9 euro for diesel."


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