With little oil reserves, no major domestic production and no ability to influence global crude oil prices, Ireland has been left badly exposed, once again, to an external conflict. Motorists facing €2.30 per litre of diesel at the pumps this week earned a reprieve in recent days as the Government's move to cut excise duty saw prices drop back by 20c.

Source: Irish Examiner March 27, 2026 12:00 UTC