Ireland Cuts Fuel Duty, Offers Haulier Rebate

0:00It's March 23rd from London to Lisbon, Paris to Prague. This is Europe News Today, powered by AI. I'm Corey with the story. The Irish government plans to cut Xi's duty on fuel to ease the burden of rising prices at the pumps. They will reduce the duty on petrol by 15 cents per liter and on diesel by 20 cents per liter. This change kicks in at midnight on Wednesday and runs until the end of May. The move comes after a leaders meeting on Monday evening with final approval expected at Cabinet on Tuesday. Officials are also rolling out a back-dated diesel rebate scheme for hauliers and bus operators to provide extra relief. Dao ECH Michele Martin, welcome news from the United States that President Donald Trump has delayed military strikes on Iran's energy infrastructure. By five days, this follows productive talks with Tehran over the strait of Hormuz, helping calm global tensions. Crude oil prices tumbled in response, with Brent Crude dropping up to 10% before settling

1:02about 8% lower at just under 100. Four dollars a barrel. Martin highlighted how volatile these markets have been and stressed the need for the region to deescalate fully. Government leaders recognize the hollage sector as vital to Irish trade and are pushing for long-term support to keep it sustainable. These steps aim to steady costs for drivers and businesses amid ongoing uncertainties.