Archibald calls for fuel duty and VAT cuts as pressure on families and business grows
Date published:
Economy Minister Dr Caoimhe Archibald has today called on British Trade Minister Jonathan Reynolds MP to take urgent action as fuel costs spiral for families and businesses across Northern Ireland.
The most recent information from the NI Consumer Council suggests that petrol prices are now around 166p per litre, with diesel at 190p per litre. The Consumer Council has reported that diesel prices in some areas are approaching 200p per litre.
Minister Archibald said:
“Families and businesses across the north continue to face sustained financial pressure; with prices at the fuel pumps rising, energy prices to heat homes and run businesses on a worrying upward trajectory, and no end in sight.”
“Hauliers, farmers and many other businesses, are reporting that higher transport costs are feeding directly into a challenging landscape, with the cost of doing business becoming increasingly unsustainable.
“The British Government can and should be doing more to help local people, so I’ve written to Minister Reynolds today calling for an immediate cut to fuel duty and VAT on road fuels.”
Last week, Minister Archibald announced the new Household Electricity Discount Scheme, providing 860,000 households across Northern Ireland with a £63 payment this year to support their electricity costs.
This is in addition to the £100 Oil Discount Scheme which is currently open for applications.
Minister Archibald added:
“While these measures provide some welcome support, it is clear that businesses and communities here need much more support; support that needs to come from the British Government and the fiscal levers it should pull immediately, to help people who are struggling now.”
Notes to editors:
- The Consumer Council provides independent advice and support to consumers on energy and fuel-related issues. It publishes weekly petrol and diesel price updates through its Fuel Price Checker service, helping consumers compare prices and identify trends across Northern Ireland - Fuel Price Checker: www.consumercouncil.org.uk/home-heating/price-checker
- Consumers can also use the Consumer Council's Home Heating Oil Price Checker to compare heating oil prices and help secure the best available deal when purchasing oil - Oil Price Checker: www.consumercouncil.org.uk/home-heating/price-checker
- For media enquiries contact the Department for the Economy Press Office.
- The Executive Information Service operates an out of hours service for media enquiries only between 1800hrs and 0800hrs Monday to Friday and at weekends and public holidays. The duty press officer can be contacted on 028 9037 8110.
- To keep up to date with news from the Department for the Economy, follow us on X, Facebook, Instagram and LinkedIn