Consumers facing higher fuel costs as new measures delayed

Change in rules around biofuels will come into effect before a cut to excise

Daniel Murray

Political Correspondent @danieltmurray
19th December, 2021
Consumers facing higher fuel costs as new measures delayed
In recognition of the increased costs associated with the new biofuel mandate scheme, the Department of Environment, Climate and Communications has announced an excise duty cut of 1 cent per litre of diesel or petrol, and a cut to the National Oil Reserves Agency (Nora) levy of 1 cent per litre.

New measures to offset further petrol and diesel price increases as a result of government biofuel mandates won’t come into effect for months, leaving consumers paying even higher costs at a time of fuel price inflation, the Business Post has learned.

The government’s biofuel obligations scheme mandates the blending of renewable biofuels into diesel and petrol to a total volume of 11 per cent. This will rise to 13 per cent...

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