The Government is considering options for reducing the impact of energy price rises but has not made any decisions on specific measures yet.
Speaking to reporters in Washington, the Taoiseach refused to say whether the Government will intervene to bring down the cost of fuels as energy costs rise due to the war in Iran.
Mr Martin said the Government had to look at the medium term, and not just the short term, when it came to intervening in energy prices.
He said that any measures they did take would have to be viewed in terms of their impact on the overall budget.
He said the Government understood that "people are under a lot of pressure" and said they wanted targeted measures towards those on low incomes, in particular.
He reiterated the view that while the matter was under "active review" they did not want to move too quickly.
'Not going to be able to resolve everything'
Minister for Transport Darragh O’Brien said that any response to help with rising fuel costs would be "very much scenario-based" and said he will be meeting with stakeholders to discuss the issue.
Speaking in Kildare today, Mr O’Brien confirmed he is to meet with the Irish Road Haulage Association later this week.
"We understand with this situation that's happening in the Middle East the pressures that businesses, and indeed households, are under due to rising fuel costs.
"I'm meeting with the hauliers this week to hear directly from them, get some suggestions from them as well, and just assure them that I want, and government wants, to work with them through this difficult time.
"I think previous governments have shown that we're able to work through difficult international events, no less so than covid, also the outbreak of the war in Ukraine.
"This is another international event that's affecting every country in the world, and we've got to see as best as possible what we can do.
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"We're not going to be able to resolve everything, and we're not going to be able to subsume every fuel cost increase, but we can look at how we can work with business, how we can work with households, and our citizens, to try to reduce the impact that the war in the Middle East is having."
When asked what measures might be looked to help businesses affected by cost, Mr O’Brien said "everything’s on the table" but added he will speak with stakeholders first.
"That’s the purpose of my engagements this week with the road hauliers. I’ll be engaging with other areas right the way across other sectors, obviously at Government level with the Taoiseach and Tánaiste."
He said that options being looked at are "very much scenario-based".
He said it is not known how long the situation at the Strait of Hormuz will continue, and the government wants to see how it can "best deploy resources to assist households and to assist businesses through this crisis".
