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Cuts To VAT Rate Charged On Electricity And Gas To Last Until October

Stock image: Pexels

It'll be worth around €70 off the annual electricity bill.

Cuts to the VAT rate charged on electricity and gas will last until the end of October.

The current reduced excise rate on petrol and diesel has been extended until the budget in October.

It will be worth around €50 off an annual gas bill and €70 off electricity for the year.

Ministers also agreed to scrap the €50 PSO levy and will pay €100 to those in receipt of fuel allowance from mid-May.

Finance Minister Paschal Donohoe has been outlining some of the changes:

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