In recognition of the increased costs associated with the new biofuel mandate scheme, the Department of Environment, Climate and Communications has announced an excise duty cut of 1 cent per litre of diesel or petrol, and a cut to the National Oil Reserves Agency levy of 1 cent per litre.
New measures to offset further petrol and diesel price increases as a result of government biofuel mandates won’t come into effect for months, leaving consumers paying even higher costs at a time of fuel price inflation, theThe government’s biofuel obligations scheme mandates the blending of renewable biofuels into diesel and petrol to a total volume of 11 per cent. This will rise to 13 per cent...
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