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Petrol And Diesel Cost Highest It's Been In 18 Months

Published on Mar 21 2017 10:32 AM

Petrol And Diesel Cost Highest It's Been In 18 Months

Fuel prices in Ireland is now the highest it’s been for 18 months, reported Journal.ie

Reportedly, the AA stated that the prices of petrol and dieselis continuing to rise.

The cost of petrol on average is now a full cent higher than it was last month at 137.7c per litre. Diesel meanwhile is now 127.1c.

63% of the price of unleaded, and 58% of that of diesel is attributable to government taxation including VAT and excise duty, according to the AA, meaning that the wholesale price of oil can only affect prices here to a certain extent.

“While the latest increase is by no means the worst month-on-month hike that we’ve seen recently, it marks the sixth successive month in which we have seen prices climb and continues a trend which is of great concern to many motorists,” said the AA’s director of consumer affairs Conor Faughnan.

Faughnan meanwhile describes the continued rise in prices as a “major concern” for Irish motorists.

“On a wider scale this latest increase further highlights the need for our government to reassess the extent to which they tax fuel,” he said.

© 2017 - Checkout Magazine by Donna Ahern

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