Robert Besser
27 Jan 2022, 05:05 GMT+10
DUBLIN, Ireland: Ireland has among the highest prices for petrol and diesel in the world.
In the past year, fuel prices have increased by one-third in Ireland, and is close to the highest levels ever recorded.
According to the AA auto association, Ireland is now one of the most expensive countries in the world for petrol and diesel.
In the past year, fuel prices in Ireland have increased 33 percent, placing pressure on the government to reduce fuel taxes.
The average national price of petrol is currently $1.91 per litre, while diesel stands at $1.81.
At this time in 2021, the average price of petrol stood at $1.29, and $1.20 for diesel.
The increase in petrol prices in the past 12 months has jumped 31 percent, and 33 percent for diesel.
Currently, Ireland's fuel prices are near the highest levels ever recorded in the country.
Ireland is currently the 17th most expensive country in the world for fuel. Those higher include Hong Kong, the Netherlands, Israel, Norway, Finland, Denmark, the UK, Greece, Iceland and Sweden.
Anna Cullen of Ireland AA said two-thirds of the price consumers pay at the pumps are taxes, including Vat and carbon tax.
"And, keep in mind it can take two weeks for any reductions to reach the pumps," she told independent.ie.
Prices for fuel in Ireland have jumped due to world crude oil prices reaching seven-year highs last week, along with tight worldwide supplies and renewed global demand.
Get a daily dose of Beijing Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Beijing Bulletin.
More InformationRepresentative Mike Gallagher, chair of the U.S. House of Representatives committee on China, says that after Beijing banned the sale ...
Washington - The director of the leading U.S. cybersecurity agency has a message for scientists and top technology company officials ...
PNNNew Delhi [India], May 31:Justagg's launch comes in response to the evolving needs of the digital era where convenience, adaptability, ...
SRV MediaNew Delhi [India], May 31:Given that law is a vast field which a successful lawyer is eligible to explore, ...
The tech billionaire has warned of a massive meltdown in the country's real estate sectorThe US commercial real estate sector ...
Mumbai (Maharashtra) [India], May 31 (ANI): Reserve Bank of India (RBI) Deputy Governor MK Jain said that effective risk management, ...
NEW YORK, New York - U.S. and global stocks tumbled Wednesday as lawmakers continued to navigate their way through Congress ...
PORTLAND, Maine: Fishermen in the US's only commercial-scale fishing industry for valuable baby eels, called elvers, have recorded a productive ...
LAS VEGAS, Nevada: A bill was introduced in the Nevada Legislature to provide the Oakland Athletics up to $380 million ...
WASHINGTON D.C.: Due to one of the tightest labor markets in decades, teenagers, who have been vital for filling summer ...
NEW YORK, New York - Republicans were in uproar Tuesday over the deal hammered out by President Joe Biden and ...
DETROIT, Michigan: After Ford Motor Co announced an agreement with Tesla to allow autos to be charged using the Tesla ...