Motorists in Tipperary are going to face a hike in the cost of refuelling their vehicles in the coming week, as excise rates are increased by the Government.
Petrol excise rates will increase by 7c per litre while diesel prices will rise by 5c. Agricultural diesel will go up by 1c.
It is the second of three increases in excise, to unwind a reduction brought in March 2022 to combat soaring prices in the wake of the Russian war in Ukraine.
However price rises at all pumps will not be immediate as the excise is charged on the wholesale supplies of fuel, and it may be days for many forecourts to sell their existing fuel stock, purchased at the lower excise rate.
Tonight’s increases come despite a number of calls on the Government not to go ahead with them or at least postpone them until next year.
Independent TD Mattie McGrath believes this increase and the final one due on 31 October should be scrapped.
The Newcastle based deputy says we need action now to help struggling Irish families facing an ongoing cost of living crisis,”
However, Minister for Finance Michael McGrath says tonight’s excise increase is already “locked in” and will be going ahead.
