The government has outlined a timeline for the reintroduction of fuel excise and the National Oil Reserves Agency (NORA) levy from September.

The government confirmed that the reductions currently placed on the fuel excise and the NORA levy will remain in place until September, before being gradually phased out.

As Agriland reported earlier, a memo was brough to cabinet today (Tuesday, June 30) to approve an extension to the cuts to fuel excise until September, followed by a gradual phase out of the measures after September 1.

The fuel excise cuts were implemented in Ireland to help those who depend on petrol, auto diesel or green diesel vehicles cope with higher prices as a result of the conflict between the US and Iran.

The temporary measures, which resulted in a total reduction on green diesel of 7.4c/, were brought in last April and were originally planned to end in July.

The reduction in the cost of green diesel (or marked gas oil) came in the form of the suspension of the 2c/L NORA levy, as well as cuts to mineral oil tax of 5.4c/L.

For petrol and auto diesel, the reductions were 27c/L and 32c/L respectively, including the suspension of the NORA levy.

The process of phasing out these reductions will begin from September 1, with the 'full' cost set to be restored by December 1.

From September 1, there will be an increase in 9c/L for petrol, 10c/L for diesel, and 2c/ for marked gas oil.

For each fuel type, the NORA levy will be reintroduced as part of the first increase.

The phasing out of the reductions will proceed as follows:

Commenting on the extension and timeline for phasing out the cost reductions, Taoiseach Micheál Martin said: "While fuel prices have reduced recently, we are conscious that the situation remains volatile and we are committed to continuing support for families and businesses.

"This remains our goal and therefore we have agreed that a graduated approach to removal of the temporary relief measures is only appropriate," he added.

Tánaiste and Minister for Finance Simon Harris said: "As we have consistently stated, government is committed to supporting households and businesses across the State during this period of energy price uncertainty.

"While global oil prices and domestic retail prices have significantly decreased over recent weeks, I recognise that the situation remains uncertain. As such I am providing for a further extension of the full excise rate reductions for auto diesel, petrol and marked gas oil until the end of August," the Tánaiste said.

"To ensure that there is no sudden cliff edge removal of support, I am providing for a pathway of gradual restoration of rates for an extended period," he added.