I propose to take Questions Nos. 201, 208 and 209 together.
I am acutely conscious that households and businesses across the country are feeling the impact of rising energy costs.
Over the weekend, Government agreed to a new package of measures, worth some €505 million, that will provide further support. This package is in addition to last month's €250 million package of reliefs, which reduced excise on fuel, cut the NORA levy to a nominal amount, enhanced the diesel rebate scheme and extended the fuel allowance by an additional month.
The additional measures include a further cut in the excise duty on diesel and petrol, bringing the total reduction in diesel to 32 cent per litre and 27 cent per litre for petrol. Government will also further reduce the excise on green diesel, bringing the total reduction to 7.4 cent per litre. These figures incorporate the reduced NORA levy introduced in last month’s package.
These measures will be in place until July 31st.
Government will also delay the carbon tax increase scheduled for May until later in the year and will introduce support schemes targeted at the agricultural and transport sectors. 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.
Government has acted to limit the fallout from higher fuel prices in response to the situation in the Middle East, a situation that remains highly uncertain. The measures are deliberately timebound and will be reviewed on a rolling basis.
Government has kept matters under constant review to enable us to respond swiftly and decisively as the situation evolves, and I am committed to ensuring that our overall approach to budgetary policy remains balanced and sustainable over the medium term.