Fuel Prices Set to Rise After Excise Cuts | Cork News

Fuel prices are set to rise again as government excise cuts — which lowered petrol and diesel costs — are being phased out by end of 2026. A one-month extension keeps the cuts alive until September 1, but after that, prices will gradually climb. Officials say this avoids a painful price spike and helps control inflation, which these cuts have already lowered by 0.6%. Meanwhile, oil prices have dropped sharply from $120 to $74 a barrel, yet pump prices haven’t followed — prompting Finance Minister to question retailers and push for clearer timelines on when those savings will reach drivers. The hope? Lower oil prices will naturally bring down fuel costs by 2026 — but for now, drivers are watching closely. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/705d0ac839083b98