Mr O' Connell said;
"The escalating prices of
fuel at the pumps over the past two weeks has been frightening and shows no
sign of settling yet. The rise in prices
has already had an heavy impact on ordinary families who have found their
weekly transport costs dramatically increased.
They will feel this increase more later in the year as it is a certainty
that as fuel prices rise so too will everything else."
"Struggling businesses have
been struck hard by the rising prices.
The transport industry has been particularly exposed. Many businesses will not survive. Sinn Féin has called on the government to
lower its tax on petrol and diesel in a bid to create stability. At the moment the government takes €6 in
every €10 spent at the pump through levees and duties."
"The agri sector has already
been devastated by the bad weather conditions over the summer months. The rise in fuel will be profoundly felt by
this industry. Fuel is one of the main
expenditure items on farms. Agricultural
diesel has gone up by a massive 55% while road diesel has increased by almost
35% in the past two years. Farmers have
actually had to increase their fuel usage this year due to the extreme weather
conditions."
"In last December’s budget Fine Gael and
Labour added 1c on a litre of fuel. In
the three years before that Fianna Fáil added 14c onto the price of a litre of
petrol and diesel. It goes without
saying that no further increase can be tolerated in budget 2013. Instead the government needs to cut its
excise duty on fuel immediately."
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