Drivers across Ireland will welcome the latest news from government as the existing cut in excise duty looks set to be extended beyond the upcoming cessation date.
The cost of living crisis continues to affect households countrywide with price hikes being seen across the board - from filling the fridge to the car.
Although Green Party leader Eamon Ryan said he did not believe the cuts to duty on petrol and diesel should be extended beyond February, Fianna Fáil and Fine Gael are reportedly planning to fight for the extension, according to the Irish Independent.
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The excise duty cuts currently reduce the cost of a litre of petrol by 21c and diesel by 16c and were introduced last year to alleviate the pressure on drivers.
It was then extended until the end of this month in the Budget as the cost of living crisis continues to grow.
Taoiseach Leo Varadkar highlighted this week that ending the excise reductions would bring the price of diesel up to almost €2 per litre again.
The Green Party were told they need to “accept” that drivers will need assistance with the cost of filling their cars for another few more months.
Meanwhile, the latest AA Roadwatch price survey showed the average cost of petrol per litre is at €1.61 while diesel was at €1.71 in Ireland.
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