Petrol and diesel prices set to rise as excise duty reinstated

Petrol will increase by 6 cent a litre and diesel by 5 cent from Thursday.
Petrol and diesel prices set to rise as excise duty reinstated

The price of petrol and diesel is set to rise again from midnight tonight.

Government excise duties, which were cut as part of measures to combat the cost-of-living crisis, will be reinstated on a phased basis.

Petrol will increase by 6 cent a litre and diesel by 5 cent from Thursday.

The Consumers Association of Ireland said the move will have both a direct and knock-on effect on consumers, making transport and goods more expensive.

"If this fuel is being used for carrying product to the supermarket, then the only one who can pay for it is the consumer," the group's chairperson Michael Kilcoyne said.

"And the consumer is going to have their goods increase (in price) so whoever is transporting it can cover the costs. It means there will be further inflation as a result of this," he told Newstalk radio.

Mr Kilcoyne added it is poor practice to increase costs for consumers "at a time when Government talks about the amount of revenue they have".

"I would call on [the Government] to defer this to at least the end of the year.

"Six cents on a litre of petrol, five cents on a litre of diesel is a lot of money, because in country areas there is no public transport, they have to have a car," he added.

More in this section

Ballymena protest Man charged with riotous behaviour after Ballymena disorder
Criminal Assets Bureau conducts raids targeting suspected drug trafficker in Kerry Criminal Assets Bureau conducts raids targeting suspected drug trafficker in Kerry
Knife crime sentencing Rents in Ireland are ‘way too high’, Housing Minister says

Sponsored Content

Digital advertising in focus at Irish Examiner’s Lunch & Learn event  Digital advertising in focus at Irish Examiner’s Lunch & Learn event 
Experience a burst of culture with Cork Midsummer Festival  Experience a burst of culture with Cork Midsummer Festival 
How to get involved in Bike Week 2025 How to get involved in Bike Week 2025
Us Cookie Policy and Conditions

© Examiner Echo Group Limited

Add Echolive.ie to your home screen - easy access to Cork news, views, sport and more