I propose to take Questions Nos. 278, 318, 319 and 329 together.
I am acutely conscious of the impact rising energy prices are having on households and businesses.
In response to this, Government has introduced two packages of supports worth over €750 million that will help to mitigate the impact of rising energy costs.
The measures introduced in these packages include reducing the excise duty and NORA levy on fuel. This brings the total reduction on diesel to 32 cent per litre, 27 cent per litre for petrol and 7.4 cent per litre for green diesel. The Fuel Allowance scheme was also extended by an additional four weeks and the maximum repayment allowable under the Diesel Rebate Scheme was increased.
Government also agreed to delay the scheduled increase in carbon tax until later in the year and will introduce support schemes for key sectors of the economy. The Road Transporters Support Scheme will provide direct payments to haulage and coach operators, while the Fuel Subsidy Support Scheme will assist farmers, agricultural contractors and fishers.
These temporary measures will benefit households and businesses and are in addition to the permanent supports that were introduced in Budget 2026, such as the reduced rate of VAT on gas and electricity.
Government has responded swiftly to immediate pressures in the economy. However, these supports are timebound and will be continuously reassessed as the situation evolves over the coming weeks and months.
It is because of this Government’s record of solid budgetary management that we now have the fiscal capacity to respond to external shocks.
This further highlights the importance in adhering to a sensible and sustainable budgetary policy. That is why we are targeting budgetary surpluses over the medium term, and setting aside a portion of windfall tax into our two long-term savings funds.