Irish motorists could be in for a painful time in a couple of weeks, as a tax increase is set to drive prices at the pumps skyward again.
The Government were forced to intervene earlier in 2022 when petrol and diesel both hit peaks of over €2.15 per litre at forecourts around the country.
We could see the prices go in the wrong direction imminently.
That's because a carbon tax hike is set to come into effect at October 12.
It's reportedly causing clashes between Fine Gael and the Green Party, the Irish Independent report, with the publication claiming that the price of a 60-litre tank of diesel will increase by €1.48 and a similar tank of petrol by €1.28.
Carbon taxes will rise to €48.50 per tonne on motor fuel and home-heating oil.
But after the invasion of Ukraine caused sanctions on Russia and a retaliation from the Kremlin which saw the sale of oil restricted, Fine Gael reportedly want to delay the arrival of the tax hike until May of 2023.
This is not the viewpoint of the Greens, who are focusing on the impact on climate change that fuel is having, according to the Independent.
This is all in the backdrop of Budget 2023, which is less than 10 days away, with a number of measures set to be introduced by the Government to try and relieve some of the pressure off of Irish homeowners.
Among the measures are three €200 credits for electricity bills which will more than likely be paid in October, December and February.
A double payment of the State pension, social welfare payments and child benefit is also expected in October or November, in addition to the Christmas double payments.
Changes to the tax system to help companies struggling to pay energy bills are also under consideration.
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