REGULATORY · MARKET STRUCTURE · IRELAND
Ireland cuts excise duty on petrol and diesel
Change
Ireland cut excise duty on petrol by €0.15 per litre and on diesel by €0.20 per litre, effective from midnight Wednesday until the end of May.
Why it matters
Ireland implemented a temporary cut to excise duty of €0.15 per litre for petrol and €0.20 per litre for diesel, effective from midnight Wednesday until the end of May. The government paused the National Oil Reserves Agency (NORA) levy, producing effective cuts of €0.22 per litre for diesel and €0.17 per litre for petrol. An increased diesel rebate scheme for hauliers and bus operators was announced and will be backdated to 1 January 2026. The government stated it expects retailers to pass the reductions on to consumers.
Implications
- · Reduces the statutory per‑litre tax component of pump prices for petrol and diesel through end‑May.
- · Pause of the NORA levy increases the effective per‑litre reductions to €0.22 for diesel and €0.17 for petrol.
- · Increased diesel rebate for hauliers and bus operators, backdated to 1 January 2026, increases reimbursements for eligible transport operators.
- · Government expectation that retailers pass on cuts affects retail pump pricing dynamics during the measure’s term.
Who is affected
- · Operators
What to watch
- · Effective from midnight Wednesday
- · Cuts expire at end of May
Source
Topics
World & Politics Policy & Regulation Business & Markets Economy