The Government is facing renewed calls to suspend the carbon tax as Clare farming and coach driving representatives say their industries are becoming unsustainable.
It comes as the US has decided to allow Russian oil to be sold for a four-week period in an attempt to bring down spiralling global fuel prices.
In response to volatile market conditions, the International Energy Agency is set to release 400million barrels of oil.
Additionally, the US is allowing a four week temporary reprieve on Russian oil to try to stabilise global prices.
The President of the European Council , Antonio Costa says a decision by the US to lift sanctions is very concerning and impacts European security.
Sky’s Ivor Bennett in Moscow says the longer the conflict goes on, the better it gets for Russia.
At home though, industries are continuing to feel the pinch of the ongoing conflict in the Middle East and are calling on the Irish Government to step in.
Today, Petrol prices are exceeding €1.90 per litre in most stations, Diesel is above €2 and Agri-Diesel is costing more than €1.30 per litre.
Cratloe Farmer and former General Secretary of the Irish Cattle and Sheep Farmer’s Association Eddie Punch says carbon tax needs to be suspended as farmers have no alternative.
The Coach Industry is also caught in limbo, with many local providers locked into fixed route costs due to state contracts for either public service routes or school trips.
Brian Farrell of Burren Coaches says the current situation is not sustainable.
Listen to the full interview here
