Budget 2013 Transport: Motorists face up to €126 hike in annual road tax

Motorists are facing increases of up to 25% in the annual cost of motor tax, with price increases ranging from €10-€126 coming into force from Jan 1 next.

The cost of new cars is also set to rise, with increases of up to 3% in Vehicle Registration Tax announced in Budget 2013.

However, motorists were spared further hardship when Finance Minister, Michael Noonan, confirmed there would be no increase in current excise duties on petrol or diesel.