The Irish government will meet tonight to discuss the potential removal of temporary excise cuts on petrol and diesel. Taoiseach Micheál Martin and other leaders have indicated in recent days that they want to avoid a 'cliff edge' for households and businesses.

The excise cuts were introduced in 2022 to mitigate the impact of rising energy prices. The government now faces a decision on whether to extend the measure or phase it out. The discussion is expected to be challenging, given pressure from consumers and businesses, as well as budget constraints.

It remains unclear what decision will be made. Authorities are considering a gradual increase in excise to avoid a sharp spike in fuel prices, which could negatively affect the economy and inflation.

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