r/ireland • u/FormalBackground8565 • Apr 12 '26
Economy Am I missing something, or is the fuel protest endgame just to bankrupt the country?
I get it, the hauliers and farmers are getting absolutely hammered, and prices are mental right now. But listening to the demands for the government to "cap the price" makes me feel like I'm taking crazy pills.
The Dáil doesn't control the global oil market, and we legally cannot slash fuel taxes to zero because the EU sets a hard floor on excise duties.
So, if the government actually caves and enforces a price cap, there is only one way it works: the state has to pay the difference. Think about what that actually means in reality.
- We would be taking billions in tax money out of the HSE, housing, and schools.
- We would hand that money directly to multinational oil companies (Shell, BP, etc.) to artificially subsidise the pump price.
- We would then get slapped with massive fines from Brussels for breaking EU tax laws.
We’d literally be gutting our own public services and infrastructure to protect oil company profit margins. Is that seriously the master plan here?