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Budget 2020: Petrol and diesel prices to be hiked tonight Paschal Donohoe denies €6 carbon tax increase is a 'cash grab'

  • Petrol and diesel will cost more from midnight tonight
  • Widely anticipated €6 increase in the carbon tax takes effect
  • Increase will also apply to home heating fuels but not until May next year
  • Government says the extra €90m in revenue will be ringfenced for climate action measures
  • 'There might be a mild rush to the pump but because the increases are only 2 cent per litre, they're unwelcome but they won't cause a panic' - AA Roadwatch's Conor Faughnan

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Minister for Finance Paschal Donohoe arrives at his department ahead of delivering Budget 2020. Picture: Gerry Mooney

Minister for Finance Paschal Donohoe arrives at his department ahead of delivering Budget 2020. Picture: Gerry Mooney

Minister for Finance Paschal Donohoe arrives at his department ahead of delivering Budget 2020. Picture: Gerry Mooney

PETROL and diesel will cost more from midnight tonight as the widely anticipated €6 increase in the carbon tax takes effect.

The increase – the first of ten planned annual increases - will add about two cents to a litre, which amounts to an additional €1 for every 50 litre fill.


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