Minister Canney outlines new Transport Support Scheme and delay in applying increase in Carbon Tax
Seán Canney TD, Minister of State for International and Road Transport, Logistics, Rail and Ports and Leader in Cabinet of the Independent Ministers, has today confirmed a new Transport Support Scheme and a delay in applying an increase in the Carbon Tax to assist hauliers and operators impacted by ongoing global instability.
Minister Canney said Government has been working to respond to the evolving situation.
“We have been engaging with stakeholders and putting additional supports in place for sectors heavily impacted by the war in the Middle East. This is a volatile situation and we will continue to respond as needed.”
The Minister said the transport sector has been particularly affected.
“Hauliers, farmers, school bus contractors, coach hire companies and agricultural contractors are feeling a heavy impact. Last month’s €250 million package, including fuel excise cuts and a diesel rebate, is under ongoing review.”
He confirmed a new Transport Support Scheme based on the previous Licensed Haulage Support Scheme.
“The scheme will cover licensed hauliers, certain non-licensed heavy vehicles, and some passenger operators. A separate scheme is being developed for Local Link and school transport.”
The support scheme will cover the months of March, April and May. The scheme is expected to cost approximately €40 million.
Minister Canney also welcomed a delay in applying an increase in Carbon Tax until October.
He said: “We are also confirming today that we are postponing the increase in the carbon tax. This is welcome in helping to address the current situation we are in due to the global crisis.
“Extending the reduction to fuel excise duty and including the additional 10 cent reduction until the end of July will have a cumulative reduction per litre of 25 cent on petrol, 30 cent on diesel and 5.4 cent on marked gas oil at the pump.”
“These measures are about supporting those who are vital to our economy and keeping supply chains moving.
The Government will continue to monitor the world geopolitical landscape and its effect on our economy.