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.
Public Expenditure Minister Michael McGrath says there is only so much the government can do
"We are one player on this pitch. but we do not have the final say in relation to what the ultimate price is. but we do believe that we can make a contribution we can ease the burden. These are extraordinary times that we are seeing fuel prices that are unbearable for many people. We acknowledge the suffering that people are enduring at this point in time"
