Price of petrol up 27pc since this time last year - AA Ireland

• AA figures for November 2021: petrol 172.6 cent per litre; diesel, 163.3

• AA figures for November 2020: petrol 125.7; diesel 117.3

• petrol has increased by 27pc since this time last year

• diesel has increased by 28pc

Average fuel prices for petrol and diesel are at a record high in Ireland across the country according to data collated by The AA.

The average price for unleaded petrol is 172.6 cents per litre in the State.

The average price of diesel is 163.3 cents per litre, the highest since the AA started recording the figures in 1991.

The figures equate to a 27pc increase in petrol and a 28pc increase in the price of diesel compared to this time last year.

AA Ireland Head of Communications, Paddy Comyn said: “We are now seeing record high fuel prices in this country. It is worrying for everyone, but especially lower-income families in rural areas, who are unsure whether they will be able to afford fuel for their cars, or even heat their homes.”

A combination of factors has led to the increase in fuel prices globally.

Oil production plummeted during the height of the Covid-19 pandemic and has still not entirely recovered.

The price recently reached $85 per barrel, and has since settled at less than $80, but in Ireland, around two thirds of the price at the pump is tax and it can take two weeks for any reductions to reach the pumps.

“The cost of motoring in Ireland is ever-increasing and while there is a move to shift motorists into electric vehicles, it appears to be at the expense of lower income families and motorists.

“It’s expensive when you have a family trying to budget and pay their mortgages, groceries and general expenses. People in rural Ireland rely on their cars. They don’t have the public transport infrastructure to support their daily lives,” said Mr Comyn.

“It is also frustrating for students who are trying to juggle fees, rent and now fuel for their vehicles, while often working part-time.

“Prices are only going to continue to rise until something is done. Changes need to be made, particularly in the area of taxation.”

Source

https://www.theaa.ie/aa/motoring-advice/petrol-prices.aspx