The Irish government announces fuel price hikes as part of a phased plan to revert excise rates to pre-Russia-Ukraine war levels, with increases effective from April 1.
Phased Excise Rate Plan
In response to soaring fuel prices following the Russia-Ukraine conflict, Ireland initially reduced excise duties in March 2022. However, a phased plan was subsequently introduced to gradually raise rates back to previous levels. The plan included increases in June and September 2023, with additional hikes scheduled for April and August 2024.
Impact on Petrol and Diesel
The upcoming April hike will result in an extra 4 cents per litre on petrol prices, with diesel rising by 3 cents per litre and marked gas oil by 1.7 cents per litre. Kevin McPartlan of Fuels for Ireland warns of potential challenges for families and businesses due to these increases.
Rise in Telecommunication Prices
Major telecommunication providers in Ireland, including Vodafone, Three, and Sky Ireland, announce monthly price increases for mobile, broadband, and television connections. Customers may face additional charges ranging from €2 to €8 depending on their plans and providers. Some companies have clauses allowing yearly fee adjustments based on inflation and additional surcharges.
Government Criticism
The Irish government faces criticism for proceeding with excise duty hikes despite record fuel tax revenue in 2023, amounting to nearly €3.8 billion. Critics argue that the government should consider reducing tax rates, given the financial strain on families, farmers, and commuters. Peadar Toibin, leader of the political party Aontu, urges the government to halt excise duty increases in light of sustained tax revenue growth.
SOURCE: Ref Image from Donegal Daily
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