Ireland to cut carbon tax on home-heating oil, extend excise duty cuts in budget

The Irish government will reduce the carbon tax on home-heating oil and extend excise duty cuts in the upcoming budget, alongside a €5 increase in the Fuel Allowance. This marks a policy shift toward easing energy costs for households amid ongoing cost-of-living pressures. The move signals a reversal of prior carbon-tax escalation, potentially affecting fiscal revenues and climate commitments.