The measures, aimed at assisting families and households with the cost-of-living, are due to cease in at the end of this month and March.
Sinn Fein is calling on the Government to think again over plans to cease cost of living measures at the end of February and March.
Once the reductions end, an increase in the cost of petrol and diesel will have knock-on effects for transport and food.
The proposed ending of the measures come at a time when mortgage interest rates have risen to a level in excess of 5%.
Sinn Fein TD for Longford-Westmeath, Sorcha Clarke, says ending the cost-of living measures will cause severe hardship for many families:
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