Excise duty increases to come into effect on Friday

The Finance Minister says planned excise duty increases due on Friday are “locked in”.

Michael McGrath says the cuts had come at a cost of nearly one billion euro in reduced excise receipts.

Friday’s hikes mean there’ll be an extra 7 cent on every litre of petrol, and 5 cent on diesel.

Minister McGrath says there’ll be no deferral of increases, and more are expected in October:

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