Cabinet agrees to cut excise duty on fuel

The Cabinet has signed off on plans to cut the excise duty on petrol and fuel.

The action is in response to rising fuel prices which have drastically increased since the Russian invasion of Ukraine began last month.

Under the plans, excise duty on petrol will be cut by 20 cent per litre while diesel will see a reduction of 15 cent.

It’s understood the measures will remain in place until August 31.

Subject to Dáil approval today, the price reduction will come into effect from midnight.

Sinn Féin have called for an immediate cut of 25 cent per litre in excise duty on petrol and diesel, and for the duty to be removed entirely from home heating oil.

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