The crippling amount of tax attached to motor fuel prices is having a profound impact on domestic tourism, claim AA Hospitality Services. AA Hospitality Services, who tour the country inspecting and grading Hotels, Gueshouses and B&Bs, recently quizzed thousands of motorists on how pump prices are likely affect their leisure travel in the year ahead.… Continue reading Fuel prices continue to impact domestic tourism
The following text comes from AA Ireland. For any enquiries or for verification contact Conor Faughnan, 01 6179440 or 087 2530495 16th January 2015 The average price of a litre of petrol is now 131.6 cent, a fall of 10.8 cent since December and the 6th straight month of falling prices according to the latest… Continue reading Fuel prices tumble, but taxes don’t
Petrol and diesel prices have hit record highs this month, leaving motorists fuming at price hikes well in excess of the budget tax increases. A litre of petrol now costs an average of 140.1 cent, up a full 9 cents on last month. Diesel also rose very sharply, up by 8.2 cent on the November… Continue reading Record high fuel prices have motorists fuming
Fuel tax increase pushes petrol prices to all time record levels
The AA has said that the 4 cent per litre increase in petrol prices announced in the budget will push prices to an all time record high.
From midnight tonight petrol will cost approximately €1.40 per litre. This is the highest price we have ever paid for fuel. Previously the record high price paid for petrol was during the oil price surge in the Summer of 2008 when prices peaked at €133.5. That record will now be broken not because of oil prices but because of tax increases.
It is worth noting that were it not for the tax increases of the last 2 years, petrol would cost approximately €1.21. Diesel prices will rise to approximately €1.32, an increase which will affect businesses as well as many private motorists. This budget alone will add about €6 per month to fuel bills.
“The increase in fuel taxation is very disappointing, although it does not come as a surprise.” Says the AA’s Director of Policy Conor Faughnan. “Remember that it comes on top of successive tax increases applied since the emergency budget of 2008.”