The price of petrol and diesel has gone up again, thanks to the government’s budget – – Our News, Your Views

The price of petrol and diesel has gone up again, thanks to the government’s budget

Fuel prices will rise at gas stations from midnight tonight – adding €1.28 and €1.48 to the cost of filling a 60-litre tank of petrol and diesel respectively, reports RTE.

The current carbon tax rate will increase by €7.50 per tonne of carbon dioxide emissions from carbon fuels.

It will increase the carbon tax rate to €56.00 per tonne.

The carbon tax increase will then apply to all remaining carbon fuels, including solid fuel and home heating oil, but no earlier than May 1, 2024.

From early May, it will increase the price of a 40-kilogram bag of coal by 90 cents and a bale of briquettes by 20 cents, reports RTE.

This will increase the cost of filling a 900-litre tank of domestic heating oil or kerosene by €19.40.

In addition, it will add €16.98 per 11,000 kilowatt-hours of natural gas, which corresponds to the average annual consumption of natural gas by households, according to the Energy Regulatory Commission.

The restoration of the last phase of the temporary reduction in normal excise duty on petrol and diesel was originally scheduled for October 31 this year.

However, Finance Minister Michael McGrath announced in the Budget that the reforms, which would have raised the price of petrol by a further 8 cents per litre and diesel by 7 cents per litre, had been temporarily postponed.

“In light of public health interests, continuing delays to the revision of the Tobacco Products Tax Directive and the Programme for Government commitment to tax e-cigarettes and vaping products, I am proposing to introduce a domestic tax on these products in next year’s Budget,” he said, reports RTE.

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