Fuel prices are going up again.
With just 12 days remaining until Budget Day, Ireland is poised to become the most expensive country in Europe for diesel and among the highest for petrol due to escalating fuel taxes.
The imminent increase in carbon tax will push Ireland to the top of the European fuel price rankings, exacerbating an already high cost of living for Irish consumers.
New research commissioned by Fuels for Ireland reveals overwhelming public concern, with 80% of Irish motorists backing the creation of an expert group to review fuel taxation policies.
The iReach nationally representative survey conducted earlier this month shows that a staggering 80% of drivers are crying out for the establishment of an expert group on fuel taxation.
The relentless surge in fuel prices is causing widespread frustration and financial strain, and the public is increasingly desperate for the government to review its punitive policies.
Fuels for Ireland is reiterating its call on the Government to establish an expert group to review fuel taxation policies, and all parties and candidates in the upcoming general election to support the policy.
This expert group would evaluate how fuels for transport and heating are taxed and explore better support for the transition to sustainable energy.
The message from the general public is clear: without significant supports and reviews of the current systems, consumers fear they will be left to face ever-increasing fuel costs alone.
With the planned carbon tax increase of 2 cents per litre on October 1st, Ireland is expected to gain a spot at the top of the EU table for fuel taxation and will also become the most expensive country in Europe for diesel and one of the highest for petrol, intensifying the financial strain on consumers.
According to the EU’s Weekly Oil Bulletin published by the European Commission (dated September 9th), Ireland's current diesel price is €1,667.20 per 1,000 litres, which is above the Euro Area average of €1,554.61 per 1,000 litres.
For context, diesel prices in Denmark are €1,597.51, in Sweden €1,477.35, and currently the highest in Europe is in Finland at €1,683.00.
After the planned carbon tax increase next month, Ireland is expected to rise from 2nd to 1st place for diesel prices in Europe.
Petrol prices in Ireland are currently €1,749.00 per 1,000 litres. This figure is also higher than the Euro Area average of €1,692.33, though not the highest in Europe.
For comparison, petrol prices are €1,893.00 in the Netherlands and €1,705.00 in Germany. Ireland will hold its place as the 6th most expensive country in Europe for petrol.
Kevin McPartlan, CEO of Fuels for Ireland, stated: “The planned carbon tax increase will catapult Ireland to the top of the EU's fuel price rankings, making us the most expensive country in Europe for diesel and one of the highest for petrol.
“For many years, we’ve urged the Government to take meaningful steps by establishing an expert group to review fuel taxation. The relentless rise in fuel prices is not just unsustainable for consumers but counterproductive.
“Our recent survey confirms that 80% of motorists agree with the need for an urgent review.”
“It's clear that current taxation policies are not driving the shift to electric vehicles, as originally intended.
“Instead, they disproportionately burden those who can least afford it. The Government must understand that this is not about pro-environmental policy—it’s about fiscal pressure.
“Without adequate support for consumers and a balanced approach to taxation, we risk pushing more people into financial hardship.”
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.