Hike in petrol and diesel prices from midnight

We'll be facing higher prices for fuel, hospitality and hairdressers from tonight.

The lower 9 per cent VAT rate comes to an end, increasing to 13.5 per cent from midnight.

Excise duty on fuel also increases, meaning petrol will cost an extra 7 cent per litre, and diesel 5 cent more.

There are calls on Finance Minister Michael McGrath to reconsider the excise increases by various organisations throughout the country.

Economist Jim Power says budget measures to help with the cost-of-living will be targetted at those worse off.