As the price of oil rises globally, the expense of filling up your automobile with gas or diesel is gradually increasing once more, reports Breaking News.
The price of fuel has increased by about 2 cents per litre this month, reaching an average of €1.76 cent per litre, according to the most recent AA poll.
The price of diesel rose 3 cents to €1.73 per litre.
According to the Central Statistics Office’s most recent statistics, the average price of unleaded petrol nationwide was €1.75 last month, while the average price of a litre of diesel was €1.71, reports Breaking News.
It coincides with the fourth straight week that oil prices have risen on international markets as concerns about interruptions to the oil supply have increased due to recent US sanctions on Russian energy trading.
The Biden administration announced more extensive restrictions against Russian oil producers and vessels last Friday, reports Breaking News.
The possible ramifications of Donald Trump’s return to the White House on Monday are also being evaluated by the markets.
The Treasury Secretary candidate nominated by Trump declared that he was prepared to impose more severe penalties on Russian oil, reports Breaking News.
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