Irish Government cuts excise duty on fuel

The video discusses the recent significant increase in energy costs, particularly in gas and electricity prices. It highlights the government's response to these challenges by implementing temporary tax measures to reduce excise duty on petrol, diesel, and unmarked gasoil. These measures aim to alleviate the financial burden on families and businesses. The excise duty reductions are set to take effect from March 10th to August 31st, with a projected cost of €320 million. The video also touches on the importance of excise duty as a government revenue source, which collected over €5.8 billion last year.

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