Motorists and homeowners are being advised to prepare for an expected rise in petrol, diesel and home heating oil prices after an attack on Saudi oil facilities.
The cost of a barrel of oil surged following the weekend’s drone strikes and are expected to impact consumers in the coming weeks.
AA Roadwatch warns that diesel and petrol prices for drivers could jump by 6 or 8 cent per litre. An 8c increase per litre could mean the average cost of filling a car would rise by €4.
AA Roadwatch’s director of consumer affairs Conor Faughnan told RTE News that the market movement is not yet known, but if there are significant price increases then Irish consumers will be hit by the hikes in 4-5 weeks’ time.