Fuel price cap would ‘take wrecking ball' to public finances, minister warns

Minister rejects fuel price caps, warning of major fiscal risks while Government explores EU-backed measures to ease costs

Enterprise minister Peter Burke rules out fuel cap, warning it could cost billions and damage public finances. Picture: Brian Lawless/PA Wire

The enterprise minister ruled out introducing any kind of fuel cap on petrol, diesel or green diesel, saying it would “take a wrecking ball” to the public finances.

“A cap has been tried out in many countries and, again, you have to always look at the evidence here,” Peter Burke said, speaking on RTÉ Radio.