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Despite Fuel Price Increase, Motorists Pay Less In Ireland Than EU

Published on Oct 15 2018 9:59 AM in Supply Chain tagged: Trending Posts / Global price Index

Despite Fuel Price Increase, Motorists Pay Less In Ireland Than EU

Drivers in Ireland are now reportedly paying an average of 150c a litre for petrol - up from 138.1c in January this year, however, what we pay is in the mid-range of EU prices.

Despite the increase, Ireland is not Europe's most expensive country for petrol or diesel, reports the Irish Independent.

An Irish Independent analysis of fuel price data shows we are far from being the cheapest in Europe - but still some way off being the most expensive.

Global Prices Index

According to the research, using the global prices index as a comparative tool, Austria's average petrol price is shown to be 133c/litre which, along with Spain (135c), is a lot less expensive than here. The UK (148c) and Belgium (149c) are similar to ours.

We're slightly less expensive than Germany (152c) as well as being lower than Sweden (156c), Portugal (161c), Italy (164c), Denmark (165c), the Netherlands (169c) and Norway (180c/litre).

Diesel prices here are averaging around 140c/litre according to both the AA and the GlobalPrices data. That makes us more expensive than Spain (128c), Hungary, Germany and Austria (all on 131c/litre).

© 2018 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition. 

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