Martin Browne
Question:186. Deputy Martin Browne asked the Minister for Finance the steps he will take to address the rising fuel costs (details supplied); and the measures he plans to introduce to reduce fuel costs. [13625/22]
View answerThursday, 10 March 2022
Questions (186)
Written answers
Yesterday I announced a temporary reduction in the excise rates for auto fuels. The Government recognises the impacts of the current fuel price increases. While these trends are driven primarily by global factors, I have taken the decision to alleviate some of these impacts through the domestic taxation of fuel.
Effective from today, there is a 20 cent reduction in the excise rates for petrol and 15 cent for auto diesel, with a proportionate 2 cent reduction for the excise on Marked Gas Oil (green diesel). These measures are VAT inclusive and will last until 31 August 2022.
The reductions in excise on auto fuels will mitigate the cost of a fill of a 60 litre tank by some €12 for petrol and €9 for diesel. This will assist all transport users, rural and urban, including commuters, business and farmers.
The excise reductions come in addition to the extensive cost of living supports already announced this year, including a €200 energy credit, public transport fare reductions, fuel allowance increases, an enhanced Drug Payment Scheme, and bringing forward the working family payment.