IEA welcomes Budget initiatives but diesel increase to hit hard

Commenting on the Budget, The Irish Exporters Association (IEA) said that although there were many very welcome initiatives in the budget, the immediate impact on exporters will be the increase in excise duty on diesel.

Chief Executive of the Irish Exporters Association John Whelan said "This is the second year in a row that the Minister for Finance has hit the excise on diesel, this year by 5 cents per litre costing industry €94.8m per annum and last year by 3 cents per litre costing industry €52.5m. A total of increased cost on industry of €147.3m for goods imported and exported."