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Dublin Live
Dublin Live
National
Aakanksha Surve

Cost of living: Irish drivers to be hit with fuel price hikes from midnight

Thousands of motorists will be hit by a jump in fuel excise duty from tonight.

The hike is the first of three increases in excise duty rates for petrol and diesel. The cost of petrol is set to rise by 6 cents per litre while diesel will see an increase of 5 cents per litre from June 1.

A survey from Taxback revealed that a total of seven out of ten people believe that the Government should continue with the current reduced excise rates on petrol and diesel and not restore them to their original state because struggling families and businesses need the continued support to survive.

Read more: Cost of living: Motorists urged to fuel up ahead of excise hike

Consumer Tax Manager of Taxback Marian Ryan said: "The return of excise duty norms poses a serious risk to households as they continue to grapple with higher energy costs. Although some people might try to cut back on using the car in the summer months by biking or walking to work and school, for a lot of people, this is simply not possible.

"Families living in rural locations will be particularly hit with these reinstated prices." Although pump prices have started to fall in recent months, the upcoming excise duty hikes mean that any relief felt by motorists in their pocket will be short-lived, Ms Ryan added.

She said: "The Government should not be lured into a false sense of security as a result of the advent of summer. The upcoming excise duty increases will push up the cost of living for many people and as we all know, the Irish summer is a short one."

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