Petrol prices on the rise again – TheLiberal.ie – Our News, Your Views

Petrol prices on the rise again




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After a short respite, the price of a litre of petrol or diesel has shot up by 7c at the pumps in recent days.

The average price of a litre of petrol in forecourts around the country is 135.7c, and 129.3c for diesel. These prices represent a sharp increase on last month’s figures of 128.4c and 122.4c, respectively.

July 2014 marked the cusp of petrol prices last year. Back then, a litre of unleaded cost 157.4c.

A steady weakening of the euro against the dollar (the official petrol trading currency) is being blamed for the hike.

60% of the price of petrol goes straight into the Government’s coffers in tax.

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