Pearse Doherty (Donegal, Sinn Fein)
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Section 2 contains the staggered increase of petrol and diesel. The reduction will be phased out and by the end of October the price will be higher than what it was before the reduction because the Government plans to increase both types of fuel with an increase in mineral oil tax come budget time. That is legislated for in the Schedule. We have seen fluctuations in petrol and diesel and thankfully the price has started to come back down, although if we were to remove the excise reduction on it we are probably looking at rates of about €1.90 or thereabouts, €1.9184, for petrol and diesel. That could increase over the next months. Is this something the Government is willing to keep under review if prices start to creep up to €2 and beyond? Would the Government look at this measure again? Has the Department undertaken any assessment of the price impact of the recent ban on Russian refinery petroleum products and what impact it may have on the price? Is this something the Minister is willing to keep under review?