Price increases in store for consumers from Monday

It is the latest step by Government to restore excise rates to the levels they were at before a temporary cut was introduced two years ago.

The temporary cut immediately saved motorists 20 cent per litre of petrol and 15c on diesel. The reduction has been gradually unwound in the period since. Despite criticism of the move from opposition politicians and consumer groups in recent days, Government ministers signalled there would be no change to the planned excise restoration.

In the case of Eir, Vodafone and Three the increases will be brought about as a result of a clause in customer agreements that provides for annual increase in fees. On its website, Vodafone says that the company is faced"with growing pressures due to inflation and increased demand to invest in our network so we can deliver reliable connectivity and the best customer experience possible.

Sinn Féin’s Pearse Doherty has strongly criticised mid-contract price increases and has called for Government action to outlaw them.

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