The enterprise minister ruled out introducing any kind of fuel cap on petrol, diesel or green diesel, saying it would “take a wrecking ball” to the public finances. “What a cap will do is take a wrecking ball to our public finances. Mr Burke said a cap would impact small businesses, adding that payments would be made in arrears, leaving smaller forecourts facing razor-thin margins. Pressed that it was an extreme scenario he was setting out, Mr Burke said the cost of fuel caps would run into the billions of euro. Mr Burke said he hoped there would be news later on “an intervention that will reduce inflation” and help lower the cost of groceries on supermarket shelves.

Source: Irish Examiner April 10, 2026 13:35 UTC