The latest pump prices have been announced as motorists are paying up to €440 more this year

MOTOR fuel prices have skyrocketed by nearly a third in the past year, adding tremendously to the cost of running a car.

Diesel prices are now up to 30 percent more expensive this month than the same month last year, according to the Automobile Association’s latest fuel price survey.

And petrol prices have also risen sharply.

That means the average petrol driver is now spending €340 more per year.

The average diesel driver now spends €440 more per year to fill up their car.

The average price of petrol across the country is €1.84 per litre, with diesel at €1.95 per litre, AA Ireland said.

Gasoline is on average 18 percent more expensive than in September 2021, diesel almost 30 percent more expensive than in September 2021.

Today, it costs the average motorist with a petrol car €2,234 per year to fill up at current fuel prices.

That is 346 euros more than in September last year.

Refueling costs the average driver with a diesel car 1,940 euros a year.

That is 440 euros more than in September last year.

Paddy Comyn, AA Ireland’s head of communications, said fuel prices are broadly where they were in March this year.

Those were record prices for petrol and diesel in Ireland at the time.

“They peaked at €2.13 for petrol and €2.02 for diesel in June this year, but with energy prices rising across the board these prices will be a concern for many Irish motorists.”

He said household heating bills will be higher than expected this year.

That means there is extra pressure for those who rely on their cars.

“We hope that the government will take this into account in the upcoming budget.”

Earlier this year, the government cut the excise tax on a liter of gasoline by 20 cents and removed 15 cents per liter of diesel.

However, those cuts are set to end this fall.

This month’s budget puts pressure on the government to extend consumption tax cuts.

Meanwhile, crude oil prices have eased, erasing earlier gains.

Brent crude fell 62 cents, or 0.7 percent, to $93.38 a barrel on Tuesday morning.

Crude oil prices were weaker after US consumer prices rose unexpectedly in August, giving the Federal Reserve cover for another sharp hike in interest rates next week.

The renewed containment of Covid-19 in China, the world’s second largest oil consumer, also weighed on crude oil prices. The latest pump prices have been announced as motorists are paying up to €440 more this year

Fry Electronics Team

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