Petrol and diesel set to hit €2 a litre with 'another hike on the way'

The Government increased excise on fuel at the start of the month after rates were cut two years ago."There's another tax hike on the way - another two this year - the last of excise duty increases is due in August," he said.

"That's one of the big factors; you've got excise duty, you've got Crude prices going up and the other problem we have is we import and buy our crude oil in dollars. "At the same time, the British exchequer... decided over there that they would not restore the temporary relief that they gave to drivers on excise duty.

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