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Saturday 10 December 2016

Petrol tops €1.50 at leading fuel provider

Aideen Sheehan Consumer Correspondent

Published 31/03/2011 | 05:00

MOTORISTS have again been hit at the pumps as the biggest petrol retailer in the country put up prices to more than €1.50 a litre.

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And there are fears that the results of bank stress tests, published today, could weaken the euro, which might lead to a further surge in the cost of imported fuel.

While average prices around the country remain just under €1.50 per litre, Topaz stations dominate the list of filling stations, where prices have gone over the €1.50 threshold.

Although some stations affiliated to other brands are charging the same price or even more, such as €1.519 at a Maxol station and €1.529 at some Texaco stations, in Dublin alone there were more than two dozen Topaz stations charging €1.509 yesterday.

The Irish-owned Topaz chain, which operates 310 filling stations nationwide, refused to comment on the price increases.

Topaz has 110 company-owned filling stations, but prices can vary at these depending on location and facilities, while the remainder are privately owned and completely free to set their own prices.

An oil industry source said that nobody could say where oil prices would go next, such was the level of volatility in Libya and on the world market.

World oil prices fell slightly yesterday with Brent North Sea crude down 44 cents to $114.72 a barrel.

Prices in the North meanwhile remain at an average of £1.338 (€1.52) a litre, which is still higher than in the Republic.

Irish Independent

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