Planned Increases To The Price...


Planned Increases To The Price Of Fuel May Not Go Ahead In October

Tom Douglas
Tom Douglas

12:09 12 Sep 2023

Share this article

Planned increases next month to the cost of fuel might not go ahead.

The Finance Minister says the Government is keeping an eye on rising fuel prices.

They're not massively far off the levels that inspired the excise cuts in the first place.

Those cuts are scheduled to legally un-wind at the end of October.

So that'll add 8c per litre to your petrol bill, and 6c per litre of diesel.

Minister for Public Expenditure and Reform Michael McGrath at a press conference in Government Buildings, Dublin in January 2022.

Supply Decisions

However Minister Michael McGrath says that's under review, with barrel prices rising.

"In mid-July it was around $70, but now it's around $90."

The Minister says that's down to "supply decisions" by the people who control it.

"So we're not blind to that reality, we will consider that in the context of the budget."

Minister McGrath says that is the "appropriate" time to make a decision.

Share this article

Read more about

Diesel Price Fuel Excise Fuel Prices Petrol Price