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Fuel Prices Could Increase On Tuesday

Ciara Noble
Ciara Noble

03:59 18 Feb 2023


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You could be paying more at the fuel pump from Tuesday!

That's if there's a removal of excise duty on petrol and diesel - in line with government's updated cost of living measures.

Transport commentator, Conor Faughnan noted the excise duty effectively knocked off "about 21 cent per litre to the price of petrol, and 16 cent per litre to the price of diesel, and that helped enormously.

Now, if they rip that bandage off, then unfortunately that effects all consumers immediately - it goes straight back on to the price."

Chief Executive of Fuels for Ireland, Kevin McPartlan, says the government needs to steer clear of a sudden increase in prices, to avoid queues at station pumps.

McPartlan said, "we think it's really important that we don't have any particular day where fuel goes up very dramatically, because all that will do is create a spike in demand as we approach that period of time. Which makes managing stocks really, really difficult."

 

 


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