“Drop in the cost of oil is not being reflected in fuel prices” - Tóibín
Aontú Leader Peadar Tóibín TD said “Recently we’ve seen the cost of crude oil plumet. This Wednesday alone, oil prices tumbled by over 3%. Despite this, we’re still seeing fuel prices at 220.7c per litre in some service stations this month. The reality is the cost of fuel crisis is being caused by a mix of profiteering and over taxation”
Peadar Tóibín continued “People are paying up to €120 to fill their car with fuel. €50 of this going straight to the Government in Tax. It is scandalous that the government are making more on fuel tax now than they did before the Cost of Living Crisis. The government has four taxes currently placed on fuel - excise Duty, Carbon tax, the NORA levy and VAT. Excise duty alone adds 52c. With tax accounting for 46.09% and 41.47% for petrol and diesel respectively, we can’t allow the government to hide behind the excuse that this crisis is out of their hands”
“Between allowing private profiteering, being afraid to stand up to the EU on VAT the government must stop using excuses to avoid tackling this crisis. Over the past few months, I’ve heard heart breaking stories of families put under immense stress because of the cost of fuel. This is cutting families and commuters to the bone. They’re losing money hand over fist. The Government must reduce fuel tax.” concluded Peadar Tóibín
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