From:Department of the Taoiseach

Government has today announced an extension of the temporary reductions to fuel excise and the National Oil Reserves Agency Levy (NORA).

These temporary reductions were due to expire on 31 July and will now be extended in full until 31 August with a phased restoration to pre reduction levels taking place between September and December.

In addition to these measures, the temporary enhancement to the Diesel Rebate Scheme for hauliers and road transport operators will be extended until 30 September 2026.

To avoid any cliff edge removal of supports, the Government has announced a pathway to gradually restore excise duty and NORA rates to pre-reduction levels, as follows:

“While fuel prices have reduced recently, we are conscious that the situation remains volatile and we are committed to continuing support for families and businesses.

“This remains our goal and therefore we have agreed that a graduated approach to removal of the temporary relief measures is only appropriate.

“As previously stated, we will continue to monitor the situation and respond accordingly, including in the context of Budget 2027.”

Tánaiste and Minister for Finance, Simon Harris said:

“As we have consistently stated, Government is committed to supporting households and businesses across the State during this period of energy price uncertainty.

“While global oil prices and domestic retail prices have significantly decreased over recent weeks, I recognise that the situation remains uncertain.

“As such I am providing for a further extension of the full excise rate reductions for auto diesel, petrol and Marked Gas Oil until the end of August. To ensure that there is no sudden cliff edge removal of support, I am providing for a pathway of gradual restoration of rates for an extended period.”

Minister of State Seán Canney said:

"This decision reflects the Government's commitment to supporting households and businesses while responding to changing circumstances in the energy market. Although fuel prices have eased in recent weeks, uncertainty remains, and extending these measures provides continued reassurance for families and businesses across the country.

"The phased restoration of excise rates over the coming months is a sensible approach. It avoids a sudden increase in costs and gives people and businesses greater certainty as these temporary supports are gradually withdrawn.”