Irish petrol and diesel prices to go up at midnight due to excise duty increase

By Fiona Frawley

May 31, 2023 at 10:27am

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Expect to see queues backed up outside your local garage this evening.

Ireland has seen fuel prices increase and fluctuate more than ever over the last year or so, and we can expect to see another jump tonight as cuts to Government excise charges are set to reverse.

Petrol prices are set to rise by six cent per litre, while diesel will go up by five cent. Agricultural diesel will go up one cent.

The Taoiseach Leo Varadkar confirmed in February of this year that a phased restoration of excise rates would take place in three stages, starting on 1st June (tomorrow).

The rates will increase by a further 7 cent for petrol, 5 cent for diesel, 1 cent for marked gas on 1st September, and be fully restored on 31st October with a final increase of 8 cent for petrol, 6 cent for diesel, and 3 cent for market gas oil.

The three-stage plan was developed to avoid any potential fuel shortage that could occur if prices jumped more significantly overnight.

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Irish petrol prices will increase in three stages over the next six months. Image via Getty. 

Speaking to RTÉ, Paddy Comyn of the AA said that busier fuel stations receive new supplies a few times a day and will immediately have to pay the higher rates.

He said the majority of motorists will see their fuel price increase by the weekend.

Header image via Getty 

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