Fuel excise cuts likely to be extended and tapered off over coming months
Coalition leaders are considering plans on Tuesday to continue excise reductions on petrol and diesel, at least in part, beyond the July 31st deadline.
While final decisions have yet to be made, it is expected the reductions introduced following the fuel protests in April will be tapered off over the coming months, The Irish Times reports.
Ministers do not want to hit consumers with sudden increases in fuel costs, but officials say the recent reductions in oil prices, and consequent drops in forecourt prices, mean the rationale for the excise cuts no longer exists, the paper said.
Taoiseach Micheál Martin, Tánaiste and Finance Minister Simon Harris and Minister of State Seán Canney (on behalf of the Independent TDs in Government) are due to discuss the issue on Monday evening with senior officials before bringing recommendations to the Cabinet on Tuesday morning.
At present, the reductions in excise of 32 cent a litre on diesel and 27 cent for petrol are due to expire at the end...
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