A tax rebate scheme for hauliers, a double fuel allowance payment and a reduction in excise duty to cut fuel prices at the pumps are all expected to be agreed by the Government on Monday. “What’s different now is that this has quite severe ramifications for the global economy if it continues. We’ve unravelled other interventions that we’ve made in the past, and we’ll have to do so again. “We know this could have the biggest impact on the global economy for decades if it continues. [ Ireland looks to tackle rising fuel costs amid turmoil of Iran warOpens in new window ]“We’re seeing the impact on the price at the pump.

Source: The Irish Times March 23, 2026 14:33 UTC