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Irish Fuel Prices: August 2023

Petrol Diesel
Pump price 166c 175c
Price before taxes are added 85.51c 99.21c
Breakdown of taxes x 3:
1. Excise (including carbon)* 37.92c 30.38c
2. Nora** 2c 2c
3. VAT (23%) 31.06c 32.82c
Total taxes 95.58c 82.47c
Average price of a barrel of oil (accurate as of 15th April) $85 $85
Currency exchange rate – US$1 to Euro (accurate as of 15th Aug) €0.91 €0.91
Tax as % 58% 53%

Click here for historical Irish fuel prices (PDF)

* 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.

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RelAAX!, Yellow and black have got your back. We give all our customers extra rewards as standard. Like 3c off every litre of fuel at CircleK, Nice

With the AA App, Members can get rewards & discounts. Like 3c off every litre of fuel in CircleK garages nationwide.

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