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Ireland
Sunday, November 28, 2021

Petrol and diesel prices hit 30-year high

According to data from AA Ireland, petrol and diesel prices have hit a 30-year record high, prompting experts to suggest that it’s time to ease the transition to electric vehicles with better incentives.

The average price for unleaded petrol stands at 172.6 cents per litre across the Republic while the average price for diesel is 163.3 cents.

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These are the highest prices that petrol and diesel have ever been since AA Ireland began recording the figures in 1991.

When compared to the same period last year, petrol is up 27% while diesel is up 28%.

Pollution from fossil fuel-powered vehicles has added to the spiking costs, contributing to respiratory-related deaths every year in Ireland, according to environmental and health experts.

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AA Ireland stated that a sharp drop in oil production during the Covid-19 pandemic worldwide has still not entirely returned back to normal, with the price per barrel hitting $85.

Although the price has decreased to $80, Ireland still has to wait for a couple of weeks before it shows on the pumps as carbon tax and levies make up around 60% of the overall price, according to AA Ireland.

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