Same around here. Both diesel and petrol went up about 10 cents per litre overnight.
It’s ironic that it would probably have been cheaper if they didn’t announce the excise duty cut.
Jesus, I topped up my EV last night for less than a price of 1 litre of fuel. And I’m not saying that to be smarmy, in a couple of years they’re going to try to figure out how to replace all the lost tax revenue from fossil fuels in the EV space and it’s going to get just as expensive.
At least people charging at home will have some reprieve (Unless they introduce a max amount of units you can use on night rate electricity, or axe night rates altogether)
Is anyone with more knowledge of exactly what is going on with fuel prices able to help me understand this?
To a person not familiar with the subject this surely just seems like a cash grab by filling stations etc? As in, oh well they’re gonna wipe 20c off it so just pop it up by 20c and we will bank what the govt used to get?
Ah here, these people should be slapped with a fine if there isn’t a genuine shoot up in price from the source.
They’re lashing it up loads now so it drops down to what it should be tomorrow. Same as shops at Christmas putting the price up in September or October so they can drop it to its normal price for Christmas but slap a “on sale” sticker on it. Bullshit.
Yes, it’s bad everywhere. Here in the US (especially in California) prices are hideous.
So correct me if I’m wrong here, but normally garages get a delivery once a week and have the price set at the cost they payed for the oil plus the profit they want on top.
So any garage that is raising the price multiple times throughout the week is asking you to pay more for the oil they already purchased at the price they expect it to be next week?
Why is diesel suddenly more expensive than unleaded?
Wait so the official decision was to cut them by 20c? What kind of useless change is that? They need to be set at a fixed price.
Am I missing something?
Edit:: the commenter below made a good point about fixed prices.
Again I dont know loads about this but could they perhaps enforce that oil providers must only increasing pricing in correlation with their increased costs? I’m fairly certain they are just trying to milk the situation. Their profit margins are already insanely high.
When the price of oil was crashing, barely any of the saving were passed on even weeks later. As prices started to skyrocket, they seem to increase their prices in an instant. Nothing to see here.
Would have made so much more sense to knock off a percentage of the tax instead of a fixed amount that will just lead to filling stations increasing the price by that exact amount.
And yet people think this is genuinely caused by the government pressing a big button and putting up the prices every day for their own gain. As much as they are responsible for part of the problem, they can’t literally solve global conflict to solve the price problem
Just wait until the price of things like bread start to rocket up.
I don’t really get this tbh. Like surely the basic market principles should apply and at least some garages would pass on the price decrease to attract business. If petrol stations can just add 15c to their profit margins, why wouldn’t they just do it? Like obviously they know consumers have to accept the general cost of fuel, but this still feels weird.
Is it possible prices are just rising this rapidly? I have no doubt there’s plenty of greedy fuckers who would charge whatever they can, but it’s not a monopoly.
These places need to be reported if true.
This is the Dry Arch Complex in Letterkenny. They should be ashamed of themselves.
Damn that sucks.
I’m a cyclist so this doesn’t really affect me I suppose.
Everyone keeps saying it’s due to the price of oil but a barrel of oil(currently ~120usd) has been higher in the past (145usd) and not reached these prices at the pumps back then.
Like everytime right now, i think it’s pricing is artificially pushed up.
G.B. Shaw once famously said that if you put an Irish man on a spit to roast him you’d easily find another to turn him.
The Irish business and financial class have always been ready to gouge people into poverty.
Ah sure, wouldn’t be Ireland if a crisis did mean giving all of our tax to pricks and charging us for it.
This is the way. This is the way.
This has nothing to do with Ireland. Prices were 2.12 in Germany last week, and prices are skyrocketing in whole europe and even USA. ireland is not an exception
25 comments
Same around here. Both diesel and petrol went up about 10 cents per litre overnight.
It’s ironic that it would probably have been cheaper if they didn’t announce the excise duty cut.
Jesus, I topped up my EV last night for less than a price of 1 litre of fuel. And I’m not saying that to be smarmy, in a couple of years they’re going to try to figure out how to replace all the lost tax revenue from fossil fuels in the EV space and it’s going to get just as expensive.
At least people charging at home will have some reprieve (Unless they introduce a max amount of units you can use on night rate electricity, or axe night rates altogether)
Is anyone with more knowledge of exactly what is going on with fuel prices able to help me understand this?
To a person not familiar with the subject this surely just seems like a cash grab by filling stations etc? As in, oh well they’re gonna wipe 20c off it so just pop it up by 20c and we will bank what the govt used to get?
Ah here, these people should be slapped with a fine if there isn’t a genuine shoot up in price from the source.
They’re lashing it up loads now so it drops down to what it should be tomorrow. Same as shops at Christmas putting the price up in September or October so they can drop it to its normal price for Christmas but slap a “on sale” sticker on it. Bullshit.
Yes, it’s bad everywhere. Here in the US (especially in California) prices are hideous.
So correct me if I’m wrong here, but normally garages get a delivery once a week and have the price set at the cost they payed for the oil plus the profit they want on top.
So any garage that is raising the price multiple times throughout the week is asking you to pay more for the oil they already purchased at the price they expect it to be next week?
Why is diesel suddenly more expensive than unleaded?
Wait so the official decision was to cut them by 20c? What kind of useless change is that? They need to be set at a fixed price.
Am I missing something?
Edit:: the commenter below made a good point about fixed prices.
Again I dont know loads about this but could they perhaps enforce that oil providers must only increasing pricing in correlation with their increased costs? I’m fairly certain they are just trying to milk the situation. Their profit margins are already insanely high.
When the price of oil was crashing, barely any of the saving were passed on even weeks later. As prices started to skyrocket, they seem to increase their prices in an instant. Nothing to see here.
Would have made so much more sense to knock off a percentage of the tax instead of a fixed amount that will just lead to filling stations increasing the price by that exact amount.
And yet people think this is genuinely caused by the government pressing a big button and putting up the prices every day for their own gain. As much as they are responsible for part of the problem, they can’t literally solve global conflict to solve the price problem
Just wait until the price of things like bread start to rocket up.
I don’t really get this tbh. Like surely the basic market principles should apply and at least some garages would pass on the price decrease to attract business. If petrol stations can just add 15c to their profit margins, why wouldn’t they just do it? Like obviously they know consumers have to accept the general cost of fuel, but this still feels weird.
Is it possible prices are just rising this rapidly? I have no doubt there’s plenty of greedy fuckers who would charge whatever they can, but it’s not a monopoly.
These places need to be reported if true.
This is the Dry Arch Complex in Letterkenny. They should be ashamed of themselves.
Damn that sucks.
I’m a cyclist so this doesn’t really affect me I suppose.
Everyone keeps saying it’s due to the price of oil but a barrel of oil(currently ~120usd) has been higher in the past (145usd) and not reached these prices at the pumps back then.
Like everytime right now, i think it’s pricing is artificially pushed up.
G.B. Shaw once famously said that if you put an Irish man on a spit to roast him you’d easily find another to turn him.
The Irish business and financial class have always been ready to gouge people into poverty.
Ah sure, wouldn’t be Ireland if a crisis did mean giving all of our tax to pricks and charging us for it.
This is the way. This is the way.
This has nothing to do with Ireland. Prices were 2.12 in Germany last week, and prices are skyrocketing in whole europe and even USA. ireland is not an exception
https://www.belfasttelegraph.co.uk/news/northern-ireland/explainer-why-does-the-price-of-fuel-here-depend-on-where-you-are-41419983.html
Lads uk is the same. Kill the “garages making a fortune” nonsense.
It going to start getting scarce, I know a transport company has future purchased for 6 months at €2.50 a litre just to ensure supply