Cutting fuel prices or fuel taxes in Ireland will not, on its own, stop inflation. Read More Paul Hosford: Unwinding fuel supports may prove difficultWe saw this when the Government temporarily reduced fuel excise in 2022 and 2023. Some elements of energy policy should not be shaped primarily by short-term political pressures. We are cushioning the impact of high energy costs but not reducing our exposure to them. Energy prices are very unlikely to return to previous average levels in the near term, the patterns are gradually up over time.

Source: Irish Examiner March 27, 2026 01:14 UTC