CONCERN FOR MONAGHAN FUEL SECTOR MOUNTS AS EXCISE HIKE LOOMS

29 March 2024 No Comments by The Northern Standard

The severe impact on the Co Monaghan fuel retail sector of an excise duty increase due to take effect next month was highlighted at local and national political level this week. Cavan/Monaghan Fianna Fáil Senator Robbie Gallagher raised the issue in the Seanad (see below), while the members of the Monaghan Municipal District on Monday gave unanimous support to a motion of urgent business placed before them by Independent local public representative Paudge Connolly.

Councillor Connolly’s motion highlighted the fact that the UK Government had postponed a proposed increase in excise duty on fuel, which would create a fuel price differential between North and South when the proposed excise increase in the Republic was implemented, leading to a negative impact on fuel retailers in Border areas. The motion called on Minister for Finance Michael McGrath TD to take similar action to his UK counterpart and postpone the excise duty increases scheduled for April 1 and August 1 this year.

In moving the motion, Councillor Connolly noted that the increase in the cost of living was a factor in the British Government’s postponement decision. If the Irish Government didn’t do something similar, there would be a significant price difference in fuel on both sides of the Border. Many of the 900 fuel retailers in the Border region would be under “mega-pressure” if such a move wasn’t made, Councillor Connolly stated. The core business at filling stations remained…

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