Motorists will have to pay out more for a litre of petrol and diesel from next Thursday.
Fuel excise duty will rise in the first of three planned increases.
Diesel will jump by 5c per litre while petrol will rise by 6c a litre at a move aimed at restoring rates to their pre-Ukraine war levels.
It will mark the beginning of the end of the Government’s immediate response to the energy crisis – and comes as consumers continue to face cost-of-living pressures elsewhere.
And while the price has fluctuated so far this year, it’s currently lower again – at €1.57.2 per litre of petrol and €1.47.1 for a litre of diesel.
Some pumps in Donegal are as low as €1.38 a litre for diesel and €1.45 for petrol.
They’re the lowest average prices seen here since September 2021.
It’s in that context that the Government has decided to start clawing back the duty cut it introduced more than a year ago.
In February the Minister for Finance Michael McGrath confirmed that the excise duty on petrol, diesel and marked gas oil (MGO) would be restored through three increases; with the first one happening on 1 June.
