ExciseDuty News & Analysis

Irish Government Cuts Fuel Excise Duty by 20c on Diesel and 15c on Petrol

The Irish government has announced a reduction in excise duties on diesel and petrol effective from midnight, to last until the end of May. Diesel excise duty will decrease by €0.20 per liter, and petrol by €0.15 per liter. This move follows the rise in diesel prices from approximately €1.80 to €2.20-€2.30 per liter, and petrol prices to about €2. The cost of the overall support package, which includes additional energy supports, is projected to be €235 million.