The government is due to announce plans to cut excise on fuel from midnight tonight.
Ministers will hold an emergency meeting later to sign off on plans that would see a 15 to 20 cent reduction on a litre of petrol and diesel.
However, it's feared any reduction could be cancelled out, as oil prices spiral globally due to the war in Ukraine.
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The price of petrol and diesel reached 2-euro a litre in many forecourts this week.
Sinn Fein Finance Spokesperson, Pearse Doherty is calling for the government to intervene to maintain the price of fuel at 1-75 a litre for the coming months.
