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Petrol Prices

Irish Petrol Prices : Oct 2020

Surveyed in Oct (avg. retail price per litre)

 

Petrol 

Diesel

Pump price

126.4c

118.5c

Price before taxes are added

39.689c

44.028c

Breakdown of taxes x 3:

1. Excise (including carbon)*

62.771c

51.902c

2. Nora**

2c

2c

3. VAT (Temporarily reduced to 21%)

21.94c

20.57c

Total taxes

86.711c

74.472c

Estimated retailer margin

4c

4c

Estimated wholesaler margin

8c

8c

Average price of a barrel of oil (accurate as of 23 Oct)

$41.77

$41.77

Currency exchange rate - US$1 to Euro (accurate as of 23 Oct.)

€0.84

€0.84

Tax as %

68.60%

62.85%

 Click here for historical Irish fuel prices (PDF)

International Fuel Prices

Local Currency per litre

Country Currency Unleaded Diesel
Austria Euro 0.99 0.98
Belgium Euro 1.17 1.17
Czech Republic Czech Koruna 25.68 25.76
Denmark Danish Krone 9.90 8.20
Finland Euro 1.29 1.16
France Euro 1.24 1.16
Germany Euro 1.20 1.05
Greece Euro 1.32 1.09
Netherlands Euro 1.48 1.19
Hungary Forint 320.73 332.56
Italy Euro 1.36 1.25
Luxembourg Euro 0.98 0.86
Estonia Euro 1.15 1.00
Norway Norwegian Krone 15.20 14.81
Latvia Euro 0.98 0.90
Lithuania Euro 0.97 0.88
Poland Zloty 3.97 4.04
Slovakia Euro 1.07 1.01
Slovenia Euro 1.00 1.00
Portugal Euro 1.29 1.14
Spain Euro 1.08 0.99
Sweden Swedish Krona 12.82 13.35
Switzerland Swiss Francs 1.39 1.47
United Kingdom Pound Sterling 1.07 1.12
United States US Dollars 0.50 0.63
Malta Euro 1.41 1.28
Bulgaria Leva 1.60 1.58
Cyprus Euro 0.97 0.98
Romania New Leu 4.23 4.41

International Fuel Prices Accurate as of 22/06/2020

* Excise is a duty that is added to the sale of mineral oils, cigarettes and alcohol. It is a fixed amount which is charged per litre and hence does not change as the price fluctuates. Carbon Tax is effectively the same although it is calculated per ton of CO2 generated. It works in precisely the same way as excise duty and really has nothing to do with carbon, and in fact data from Revenue normally lists Excise Duty and Carbon Tax together as one total.

** National Oil Reserves Agency (NORA) is a tax that is added to all oil fuels to ensure that Ireland meets its EU obligations of keeping a 90 day stock of oil in the event of a shortage.