There will be no major change to petrol and diesel prices on New Year's Day but motorists could face a double price increase early in 2023.
Fuel prices topped €2 in many place in Ireland in 2022 as drivers struggled to keep their cars on the road. The government stepped in to cut excise and VAT on fuel and prices have now dropped by around 10.5%.
While the government didn't take measures in the Budget last September to increase fuel costs, their concessions to keep prices low are likely to be reversed before the summer.
