Fuel excise reduction to be extended as part of €8bn cost of living budget package

Fuel prices are currently cut by 20c per litre of petrol, and 15c per litre of diesel. Picture: Denis Minihane

The emergency reduction to fuel excise will be extended well into next year, as part of the €8bn-plus budget day plans to ease the burden the rising cost of living is having on families.

Senior Government sources say it is a near certainty that the 20c per litre cut to petrol and 15c per litre to diesel will be extended in next month’s budget until the spring.