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FUEL PRICES SET TO SOAR AGAIN

written by admin August 19, 2012
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PETROL PRICES RISE AGAIN

HARD-pressed Donegal families are facing huge hikes in the cost of fuel.

Diesel and petrol for cars – as well as home heating oil – are all set to rise again in the next few days.

According to AA Ireland, the cost of a litre of petrol will increase on average to €1.70, while diesel will rise to €1.60 per litre.

An increase of the cost of oil on world markets, the declining value of the euro against the dollar and tax increases on petrol and diesel are being blamed for the rises, said the organisation.

“That is, by a country mile the most we’ve ever paid for it,” said spokesman Conor Faughnan.

Almost 60 per cent of the retail price of petrol is taxes levied by the state, Mr Faughnan said.

“The biggest factor of all is taxes imposed by the Dublin Government, and we shouldn’t lose sight of that,” Mr Faughnan said.

Hauliers have also hit out at the increases, saying they will cost jobs.

 

FUEL PRICES SET TO SOAR AGAIN was last modified: August 19th, 2012 by admin
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