Don't fill up your car until mid-week as excise cuts on the way with diesel at €2.25
If you can get by on a quarter tank or just fumes - don't get diesel or petrol until the middle of the week as the Government is set to cut excise and bring down prices.Tánaiste Simon Harris has given the strongest indication yet that Tuesday's cabinet meeting will see the Government agree a series of measures to help consumers hit by the fall-out from the US and Israel's war on Iran. And the Government is expected to instruct suppliers to pass on the savings as quickly as possible as motorists feel pain at the pumps.However, while there will be some temporary relief for motorists, economists around the globe are warning of serious and long term effects from Donald Trump's decision to attack Iran, as the US president comes under huge pressure to call a halt to his war.The cabinet will meet on Tuesday morning to discuss plans being drawn up over the weekend but Simon Harris has said a cut on government taxes - as a litre of diesel is now costing up to €2.25 in some Munster petrol stations - will be the way to go.Speaking on RTÉ's Six One, Mr Harris: "To be blunt, excise is probably the most effective way we've used in the past to alleviate some pressure. It can be done quickly, it can be passed on quickly, and it has been done in the past."He admitted the Government "need to do something to help people with the cost at the pumps - with petrol and diesel. We're going to have to do something to help those most in need, those most vulnerable to things like fuel poverty.""And we're going to need to take action to try and help key parts of the Irish economy - particularly I'm thinking of the hauliers at the moment who are so important to our supply chains."However, he said energy credits of the type issued after the last energy shock, caused by Russia's attack on Ukraine, would take longer to introduce as these would require legislation.Cutting tax on fuel would be a 'short-term' solution and the Fine Gael leader said it was "impossible to predict where things will be in six days, six weeks, let alone six months."The Tánaiste did not rule out extending supports to consumers, saying: "It may equally be that the situation drastically changes, maybe even improves, de-escalates - I accept that doesn't look likely. Or indeed that the challenge gets deeper and there's different areas of the economy that need assistance." and revise as needed."Want to see more of the stories you love from Dublin Live? Making us your preferred source on Google means you’ll get more of our exclusives, top stories and must-read content straight away. To add Dublin Live as a preferred source, simply click here.
