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Motorists Hit with Major Fuel Price Hike as Diesel Jumps 19c
AA Ireland said a 50-litre fill-up now costs about €9.50 more for diesel and €4.50 more for petrol since early July.
Fuel prices across Ireland rose sharply in Aug, with Diesel reaching an average of €1.92 per litre, according to AA Ireland's latest analysis released on Tuesday.
After hopes for a peace deal involving Iran faded, global oil prices surged; Diesel has borne the brunt of these market conditions, which AA Ireland said reflect global factors rather than Excise changes.
Prices rose 11 per cent for Diesel and 5 per cent for petrol in Aug; motorists now spend €9.50 more per 50-litre tank of Diesel or €4.50 more for petrol since early July.
The Government plans to restore Excise duty on a phased basis From September, adding 9 cents to petrol and 10 cents to Diesel, after temporary reductions end by the end of Aug.
Simple vehicle maintenance including correct tyre pressure and air filter replacement can improve Fuel efficiency, while AA Ireland warned motorists should plan for further increases through the autumn if wholesale prices remain elevated.
Within one day, the average price of diesel has risen by 5.7 cents. Despite the drought and the higher oil price, the price level is too high from the ADAC's point of view.
Since the weekend, gasoline and diesel in particular have become more expensive - and the first figures from Wednesday point even more strongly upwards.