It would be a nice thing if the government forgo the boost by reducing the tax to neutralise the price hike as much as possible.
(Yeah yeah I know)
Maultaschenman on
The house always wins. If the UK implements the EV tax by mile system it won’t be long until they no longer represent an alternative either since we love copying their homework.
MaryLouGoodbyeHeart on
Journalists totally unable to see past the first order effects of anything they write about.
Fuel goes up -> cost of everything goes up -> interest rates go up
Government raises taxes and it also spends and borrows. It eats the costs of the inflation on the other end.
Of course if the war continues into months with the straits closed and attacks on oil infrastructure it’s not going to matter what the price of oil is. We will be into rationing territory at that stage.
Superbius_Occassius on
Well, if one greedy industry can grind the country to a halt, maybe it should be more strictly regulated. If they can hike the price of fuel 20-30% and the government does exactly nothing, then they will hike it even more in the future. The electricity and gas companies absolutely fleeced us and then posted record profits. Did the FF/FG do anything to sort the core of the problem? Nope, they basically transferred billions to their pockets, through the energy credits and now more than 300.000 households are in arrears with their energy bills this year because the cause of the problem was not sorted, just the symptoms. (https://www.thejournal.ie/energy-bills-arrears-electricity-gas-6969259-Feb2026/)
wc08amg on
Just as an FYI, Croatia’s government has capped petrol prices at €1.50 per litre, and diesel prices at €1.55 per litre.
These represent price rises of 4c per litre and 7c per litre respectively.
Ireland specifically voted for a government that is notorious for doing literally nothing. The toothless response to the fuel cartel is the direct result of voting for FF/FG.
5 commenti
It would be a nice thing if the government forgo the boost by reducing the tax to neutralise the price hike as much as possible.
(Yeah yeah I know)
The house always wins. If the UK implements the EV tax by mile system it won’t be long until they no longer represent an alternative either since we love copying their homework.
Journalists totally unable to see past the first order effects of anything they write about.
Fuel goes up -> cost of everything goes up -> interest rates go up
Government raises taxes and it also spends and borrows. It eats the costs of the inflation on the other end.
Of course if the war continues into months with the straits closed and attacks on oil infrastructure it’s not going to matter what the price of oil is. We will be into rationing territory at that stage.
Well, if one greedy industry can grind the country to a halt, maybe it should be more strictly regulated. If they can hike the price of fuel 20-30% and the government does exactly nothing, then they will hike it even more in the future. The electricity and gas companies absolutely fleeced us and then posted record profits. Did the FF/FG do anything to sort the core of the problem? Nope, they basically transferred billions to their pockets, through the energy credits and now more than 300.000 households are in arrears with their energy bills this year because the cause of the problem was not sorted, just the symptoms. (https://www.thejournal.ie/energy-bills-arrears-electricity-gas-6969259-Feb2026/)
Just as an FYI, Croatia’s government has capped petrol prices at €1.50 per litre, and diesel prices at €1.55 per litre.
These represent price rises of 4c per litre and 7c per litre respectively.
Ireland specifically voted for a government that is notorious for doing literally nothing. The toothless response to the fuel cartel is the direct result of voting for FF/FG.