An increase is planned on fuel excise duty next month with fears of more increases on Budget Day on October 1st
Fuel s for Ireland is calling on Finance Minister Jack Chambers to postpone the planned increase set for August 1st.
The Government is moving forward with plans to increase excise duty on petrol and diesel as cuts introduced after the Russian invasion of Ukraine are pulled back. "That's because of those high commodity prices, then you add VAT on top of the pump price, so by adding VAT they're already compensating for the loss in excise duty.Mr McPartlan said while petrol prices peaked in June 2022 and are coming down, they are still higher than they were previously.
"We were considerably lower than where we are now and we have this excise duty increase which is slated for the 1st of August."On the 1st of January there'll be another 2c per litre".Petrol and diesel prices on display at a Cork petrol station, 9-3-22.
News Budget Day Carbon Tax Excise Duty Excise Duty On Fuel Fuel Fuels For Ireland Jack Chambers Kevin Mcpartlan Newstalk Breakfast VAT
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