Panda imposes €1 a barrel surcharge on bills amid energy crisis

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A WASTE collection company will impose a surcharge on trash collection in another sign that runaway energy costs are plummeting.

Collecting company efuse Panda has told some of its customers it is imposing a “fuel and energy surcharge” of €1 per lift tank.

It said in an email from chief executive Derek Dunne to customers that diesel prices had risen.

It said: “We are in a state of crisis in the coming weeks regarding energy/fuel costs and their availability.

It said the new fee would “hopefully” be a temporary measure and would be linked to the index and would drop as soon as fuel costs fell again.

Gasoline and diesel prices have risen at a rate not seen since the oil crisis of the 1970s.

In recent days, Irish farmers, companies and households that use oil to heat their homes have panic-buying supplies.

Some oil suppliers are allocating the amount of oil they will sell to individual customers in response.

The cabinet was warned at a news conference that household gas and electricity may have to be allocated and public transport services could be cut off if the Ukraine war-fueled energy crisis flares up out of reach. control.

In response to the Government’s intention to cut taxes on 20c and 15c petrol and diesel, the memo revealed that the State has been forced to tap into the country’s 90-day reserve of crude and refined oil due to fuel demand.

This could cost the State around 600 million euros in excise taxes.

Gasoline and diesel prices have increased by more than €2 a liter at a large number of filling stations since the weekend.

Some gas stations have raised their prices on a daily basis, with some increasing the price of a liter at the pumps up to 5c at a time.

Diesel prices are currently higher than gasoline prices at some gas stations.

Most of the diesel used in this country comes from Russia, experts say. Oil buyers are boycotting oil products from that country.

And home heating oil is three times more expensive today than it was 18 months ago. Many vendors limit households to filling 500 liters at a time due to panic buying.

Crude oil hit $130 a barrel following the US decision to impose a ban on imports of Russian crude and the UK’s decision to phase out crude oil imports from Russia by the end of the year.

Meanwhile, the ESB has made 679 million euros in profits in 2021, the Cabinet has been informed.

This is up 10 percent from the record profits the semi-state company achieved in 2020.

The huge profits were revealed a month after Tánaiste told Dáil that the Government could limit ESBs from making “super profits” – and could use the excess to reduce electricity costs for ordinary people. .

Details of the profits were revealed as the Cabinet reviewed the ESB’s annual report and accounts prior to official publication.

https://www.independent.ie/business/personal-finance/panda-to-impose-1-a-bin-surcharge-on-bills-amid-energy-crisis-41427232.html Panda imposes €1 a barrel surcharge on bills amid energy crisis

Fry Electronics Team

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