Forecourt retailers have said they expect diesel prices at the pump to rise by around ten cent per litre by this weekend.<\/p>\n
The Convenience Stores and Newsagents Association (CSNA) said the wholesale price of diesel being delivered to forecourts today is eight cent (plus VAT) higher than yesterday’s deliveries.<\/p>\n
As a result, the CSNA – which represents over 1,500 retailers including 300 filling stations – expects to see this increase reflected on many forecourts across the country.<\/p>\n
It could see diesel prices rise from roughly \u20ac1.70 to above \u20ac1.80 per litre at a lot of pumps.<\/p>\n
Meanwhile, the price of wholesale petrol delivered today is up by around two cent per litre, which should also feed through to pump prices for motorists in the coming days.<\/p>\n
In April, in response to surging oil prices, the Government lowered the excise duty by 32 cent on a litre of diesel and 27 cent on a litre of petrol.<\/p>\n
Those reductions will remain in place until the start of September, before being unwound in four phases.<\/p>\n
Industry body Fuels for Ireland has called for an independent expert group to be established to examine Ireland’s long-term approach to fuel taxation.<\/p>\n
Fuels for Ireland Chief Executive Kevin McPartlan said such a group should “bring together expertise from Government, industry, and consumer representatives would allow for the development of an evidence-based framework that balances affordability, energy security and decarbonisation.<\/p>\n
“Rather than responding to each global crisis as it emerges, Ireland has an opportunity now to develop a clear, long-term strategy that provides certainty for consumers, businesses and policymakers alike,” he added.<\/p>\n","protected":false},"excerpt":{"rendered":"Forecourt retailers have said they expect diesel prices at the pump to rise by around ten cent per…\n","protected":false},"author":2,"featured_media":541291,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-541290","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/541290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=541290"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/541290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/541291"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=541290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=541290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=541290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}