Oil prices are spiralling globally.
Cabinet ministers have signed off on a cut in excise duty on petrol and diesel.
There'll be a 20 cent per litre reduction on petrol and 15 cent a litre on diesel.
Green diesel will be cut by 2 cent a litre.
The changes will take effect at midnight.
It will be a limited time move, likely for six months, before being reviewed in the budget.
While it should make an immediate impact, sources warned it may not last long, with global supply pressures likely to undo the impact of this measure in a matter of weeks.
Cuts to VAT may be considered later this week, with the Government waiting for the EU to issue advice to member states.
We are in a 'war time scenario' and the old rules are out the window.
That's the view of the Public Expenditure Minister as the Government prepares to introduce a cut to excise duty on petrol and diesel, but opposition parties say the planned cut of 15 to 20 cent per litre isn't enough.
However Minister Michael McGrath says the Government will keep measures like this under review:
Charges Dropped Against Asylum Seeker Accused Of Sexual Assault In Saggart Last year
Gardaí Launch Investigation After Body Found In Cork
Ireland Prepares For Winter As Clocks To Go Back This Weekend
Introduction Of Plug-In Solar Panel Technology Approved
Normal People Actors Among Signatures On Letter To UK Government Supporting Sally Rooney
Kildare Saw Significant Increases In Road Deaths This Year
According To New Figures Over 70,000 People Leave ED's Before Finishing Treatment
DART Plus Projects Expected to Progress by End of November
