Motorists have been spared an increase in the price of petrol and diesel for the next three months.
A phased restoration of the rates of excise on petrol, diesel and marked gas oil will take place in three stages as part of a €1.2bn cost of living package was announced by the Government today. Coalition party leaders unveiled the measures this afternoon, with Taoiseach Leo Varadkar saying they will be the "last intervention in cost of living this side of the budget".
This will see rates restored on 1 June by 6 cent per litre of petrol, 5 cent per litre of diesel and 1 cent per litre of marked gas oil. On 1 September these rates will increase by a further 7 cent for petrol, 5 cent diesel, 1 cent for marked gas.
