“The sharp rises in fuel prices are not in line with increasing oil prices. When oil hit $145 per barrel in 2008, prices at the fuel forecourt were ...
This is particularly difficult for people who live in remote and rural areas where they do not have access to frequent public transport,” she said. The knock-on impact of rapid increases is already having an adverse impact on fuel supplies to haulage firms. When oil hit $145 per barrel in 2008, prices at the fuel forecourt were significantly less than the current average market price of diesel and petrol in Ireland,” he said. The Government is acutely conscious of this issue, he said. “And we're now at a point where many people can no longer afford to put fuel in their car to get to work. State impositions would fall in inverse proportion, according to this suggested response.
The limits started being imposed in the middle of last week in the face of a spike in demand with many homeowners seeking to counter rising prices by buying ...
More than 60 per cent of the price of a litre of fuel is made up of taxes and measures are currently being explored to see how tax reductions can be passed on to consumers in the weeks ahead. The Irish Road Haulage Association met Minister for Finance Paschal Donohoe on Monday morning to discuss the worsening fuel crisis. “We are very busy trying to clear a backlog and are limiting sales to 500 litres,” one company based in the west of Ireland told The Irish Times. “There are a lot of people trying to stock up because fuel prices are just going up and up.” The cost of home heating oil has climbed higher and faster than other fossil fuels in Ireland with prices almost doubling from around €400 for 500 litres to close to €800 in just a matter of months. The limits started being imposed in the middle of last week in the face of a spike in demand with many homeowners seeking to counter rising prices by buying more oil than they are likely to need as they head in to the summer months. Home heating oil and commercial motor diesel have started being rationed across Ireland as oil companies seek to manage supplies in the face of an unprecedented surge in demand.
One year ago, the most expensive place for diesel here was charging 125.9p per litre, while the dearest petrol was 121.9p,. The rising price of crude oil has ...
It seems this price is set to spike in the coming days with increases of more than 10p per litre spotted in filling stations right across the region. It has been 12 days since the start of the war in Ukraine, which has been impacting crude oil prices, and prices are set to soar further with the continuing crisis. Fuel prices across Northern Ireland continue to soar, increasing by more than 10p in just a matter of days, but where in Northern Ireland has been hit the hardest?
The cost of living crisis and soaring energy costs has stretched consumers finances. The consumer council has tips to help reduce energy bills by up to £800 ...
You can use this information as a benchmark to see if you are paying more than the average on the cost of home heating oil. Unfortunately there is no competition in the Ten Towns gas network which is serviced by Firmus. The Consumer Council is running free energy efficiency webinars in partnership with National Energy Action in March where you can learn tips and advice on how to save some money on bills. Last week, SSE Airtricity was the lasted gas company to increase it prices. The Northern Ireland Oil Federation also has PayPoint facilities to enable you to budget and make regular payments towards your oil delivery instead of having to pay for your delivery in a lump sum. In the last week a price of 158p per litre was found to be the highest for diesel and 144p per litre was the lowest.
The price of home heating oil in Northern Ireland has soared by 75% in the 12 days since Russia invaded Ukraine.
That's a big problem as we have such a high proportion of households dependent on oil for their heating." You know, it's really terrible." Websites have been closed down and they're not taking calls, particularly from the likes of oil bank clubs, because there's no savings in it for them whatsoever. "There are a lot of families who are going to be really struggling because they just will not be able to afford to go out and buy oil, and what do you do then? "There's just no savings available. There are a lot of families who are going to be really struggling because they just will not be able to afford to go out and buy oil
Peter McClenaghan, Director of Infrastructure and Sustainability at the Consumer Council, has offered some advice.
"The big differentials were down to some suppliers holding more stock, and they were able to charge at prices they'd already had oil in at. "That's far from ideal, but at least then people aren't having to fork out extra money on top of what they're paying, or getting a significantly lower size of delivery than what they were expecting. "The difficulty then is suppliers are sometimes not quoting a price. "Others, due to the nervousness, jacked their prices up. It wasn't always a clear rationale for that and the same goes for the minute. He said: "There does appear to be differences in different areas and suppliers, but that's not actually a bad thing for consumers.
Petrol and diesel costs are also spiralling upwards on a daily basis, and coupled with a succession of gas price rises, it means the cost of living crisis ...
Subscribe to newsletter.co.uk and enjoy unlimited access to the best Northern Ireland and UK news and information online and on our app. By supporting us, we are able to support you in providing trusted, fact-checked content for this website. With a digital subscription, you can read more than 5 articles, see fewer ads, enjoy faster load times, and get access to exclusive newsletters and content. He said: “Party leader Sir Jeffrey Donaldson has written to Chancellor with serious proposals which would help working families. In less than a fortnight the price of a litre of heating oil has doubled for NI consumers, prompting a plea to the Treasury to come to the aid of struggling families. According to price comparison website Cheapest Oil, the price of a litre of heating oil in Northern Ireland has risen from 61.5p on February 23 to 120.5p per litre yesterday – a near 100% increase in 13 days.
To get ahead of more inbound price hikes, some consumers have been stocking up since last week, forcing Irish oil suppliers to place caps on the amount of oil ...
The industry believes there is enough supply in Ireland to meet normal buying patterns. Your contributions will help us continue to deliver the stories that are important to you “With prices being so high and also seeming to continue to rise, there are a number of people — particularly high volume users, like hauliers, farmers, home heating oil customers — who are wanting to get ahead of that price increase to purchase earlier than they ordinarily would and in a higher volume than they normally would. Petrol and diesel prices rose by almost 30% and 32% in the year to the end of January, according to the Central Statistics Office. Home heating oil prices rose by 50% over the same period. Some Irish oil supply companies have begun to limit the amount of oil they’re selling to customers in response to an increase in demand in recent days. Your contributions will help us continue to deliver the stories that are important to you