Menu
17/09/2008
Consumer Association Calls For Petrol Price Investigation
A consumer group has called for an investigation into why the price of petrol at the pumps has failed to come down despite the recent significant falls in the price of oil.
The Consumer Association on Tuesday called on the Competition Authority should look into the matter, saying the price of petrol at the pump is now "now more than continuing price taking."
Despite the price of crude oil falling from a $147 per barrel peak earlier in the year to $92, the average price of petrol has steadily grown to 125.9c per litre.
According to the Irish Petrol Retailers Association, the price rises are due to exchange rates fluctuations, but this was rejected by the spokesman for the Consumer Association, Dermott Jewell, who said: "The increases were put down to the price of a barrel, and then it was put forward that it was a currency issue. The reasons given are poor. We should be seeing reduced charges at the pumps."
Oil has fallen more than $10 in the past two days alongside a plunge in global financial markets.
(DW)
The Consumer Association on Tuesday called on the Competition Authority should look into the matter, saying the price of petrol at the pump is now "now more than continuing price taking."
Despite the price of crude oil falling from a $147 per barrel peak earlier in the year to $92, the average price of petrol has steadily grown to 125.9c per litre.
According to the Irish Petrol Retailers Association, the price rises are due to exchange rates fluctuations, but this was rejected by the spokesman for the Consumer Association, Dermott Jewell, who said: "The increases were put down to the price of a barrel, and then it was put forward that it was a currency issue. The reasons given are poor. We should be seeing reduced charges at the pumps."
Oil has fallen more than $10 in the past two days alongside a plunge in global financial markets.
(DW)
Related Irish News Stories
Click here for the latest headlines.
17 October 2022
Power NI To Increase Electricity Tariffs By 60.5%
Northern Ireland's largest electricity supplier, Power NI is set to increase its tariff by 60.5% from 1 November 2022, impacting over 471,000 households. However, this significant increase will be offset by the UK Government Energy Price Guarantee Scheme that will take effect for all domestic energy consumers on the same date.
Power NI To Increase Electricity Tariffs By 60.5%
Northern Ireland's largest electricity supplier, Power NI is set to increase its tariff by 60.5% from 1 November 2022, impacting over 471,000 households. However, this significant increase will be offset by the UK Government Energy Price Guarantee Scheme that will take effect for all domestic energy consumers on the same date.
04 November 2008
Consumer Agency Launches Fuel Price Investigation
The National Consumer Agency has launched an investigation into the price of fuel, and will issue a report to the Tanaiste, according to an announcement this morning. The report is examining wholesale costs of fuel and oil and retail prices charged on the forecourts, which the agency says it has been tracking for sometime.
Consumer Agency Launches Fuel Price Investigation
The National Consumer Agency has launched an investigation into the price of fuel, and will issue a report to the Tanaiste, according to an announcement this morning. The report is examining wholesale costs of fuel and oil and retail prices charged on the forecourts, which the agency says it has been tracking for sometime.
01 October 2009
House Prices Fall 4% In Last Quarter
A leading property website has revealed that Ireland's house prices have fallen again during the last quarter, this time by 4%. According a report published today from popular property website MyHome.ie, the average asking price nationally for property fell by 4.27%, while in Dublin asking prices which were down 5.
House Prices Fall 4% In Last Quarter
A leading property website has revealed that Ireland's house prices have fallen again during the last quarter, this time by 4%. According a report published today from popular property website MyHome.ie, the average asking price nationally for property fell by 4.27%, while in Dublin asking prices which were down 5.
-
Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
