Ireland cuts excise duty on petrol and diesel
→Forecourt accounting teams must apply reduced excise from midnight
Change
Ireland has reduced excise duty on diesel by €0.20 per litre and on petrol by €0.15 per litre, effective from midnight on Wednesday, and paused the National Oil Reserves Agency (NORA) levy, with both measures running until the end of May 2026.
Why it matters
An increased diesel rebate for hauliers and bus operators is backdated to 1 January 2026. Excise duty is a flat per‑litre tax built into pump prices; the cut lowers the tax component traders must account for during the temporary window.
Implications
- — Fuel wholesalers and distributors' tax and accounting teams must update billing systems and excise-return calculations to reflect the new per-litre rates by midnight — continued filings or remittances at the old rates will produce incorrect tax returns and risk regulatory non-compliance.
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Source
View on BBC