Ireland Issues Fuel Support Package to Ease Iran War Impact (1)

Ireland’s government approved a €250 million ($290 million) package to alleviate the impact of soaring energy costs caused by the Iran war, including a cut to the fuel excise duty.

The measures will be temporary and targeted, Prime Minister Micheal Martin told reporters in Dublin. They include a cut to excise duty on diesel of 20 euro cents and 15 euro cents per liter on petrol until the end of May.

“The government must do what is necessary, guarding its fiscal position while maintaining capacity to respond further if needed,” Martin said.

A two-euro cents reduction in the ...