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Fuel Prices Set to Rise After Excise Cuts | Cork News
Fuel prices are set to rise again as government excise cuts — which lowered petrol and diesel costs — are being phased out by end of 2026. A one-month extension keeps the cuts alive until September 1, but after that, prices will gradually climb. Officials say this avoids a painful price spike and helps control inflation, which these cuts have already lowered by 0.6%. Meanwhile, oil prices have dropped sharply from $120 to $74 a barrel, yet pump prices haven’t followed — prompting Finance Minister to question retailers and push for clearer timelines on when those savings will reach drivers…
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