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Petrol and diesel prices to rise from June 1

Dublin: The government is going to increase the price of fuel in Ireland significantly. From June 1, the government has decided to raise the price of petrol by 6 cents and diesel by 5 cents.

The government intends to gradually restore the excise duty that was reduced during Russia’s invasion. When the energy crisis arose as a result of Russia’s intervention in Ukraine and prices rose, Ireland came to the aid of consumers by lowering excise duty by 15%. Such reduced duty will start collecting again on June 1.

“Even if fuel prices remain unchanged, excise duty on petrol and 3.4 percent on diesel will increase on June 1,” AA Ireland spokesman Paddy Comyn said. Although there has been a slight reduction in fuel prices, the prices will have to increase starting June 1.

But this increase may continue in the next few months.

Asked whether he believed it was appropriate to raise fuel prices in the midst of a cost-of-living crisis, Environment Minister Aman said the current price cuts should be phased out. Ryan stated, “Exchequer revenue is required to ensure social welfare and to pay for education and health care.” He stated. People benefited from lower fuel prices during the crisis. The government cannot always provide it. The minister said that there will be another unpleasant increase for motorists.

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