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17/08/2009
Petrol Prices Soaring
Drivers are looking at a considerable rise in petrol prices across NI.
Last week, fuel prices returned to a peak not seen in over six weeks, with the average price at the pumps across the country now at 103.88p a litre, after it fell to 102.28 a litre in the last weekend of July.
The AA warned that another 2p to 3p rise is in the pipeline from recent wholesale price increases, plus a Government 2.3p fuel duty and VAT increase which is due on September 1.
It said that, taken together, this would result in a likely 5p-a-litre increase which would add more than £10 to the monthly petrol costs for a family with two cars.
AA Public Affairs spokesman Paul Watters said: "At the beginning of July, drivers from all backgrounds were cutting back on other family expenditure, car use or both to compensate for higher fuel prices.
"We are back there again, with at least a fortnight of summer holiday motoring to go.
"And, with another 5p going on a litre of petrol, the coming weeks look bad for drivers."
The Northern Ireland Consumer council is monitoring the situation and has advised drivers to access its website where details can be found on the cheapest fuel outlets.
(BMcC/KMcA)
Last week, fuel prices returned to a peak not seen in over six weeks, with the average price at the pumps across the country now at 103.88p a litre, after it fell to 102.28 a litre in the last weekend of July.
The AA warned that another 2p to 3p rise is in the pipeline from recent wholesale price increases, plus a Government 2.3p fuel duty and VAT increase which is due on September 1.
It said that, taken together, this would result in a likely 5p-a-litre increase which would add more than £10 to the monthly petrol costs for a family with two cars.
AA Public Affairs spokesman Paul Watters said: "At the beginning of July, drivers from all backgrounds were cutting back on other family expenditure, car use or both to compensate for higher fuel prices.
"We are back there again, with at least a fortnight of summer holiday motoring to go.
"And, with another 5p going on a litre of petrol, the coming weeks look bad for drivers."
The Northern Ireland Consumer council is monitoring the situation and has advised drivers to access its website where details can be found on the cheapest fuel outlets.
(BMcC/KMcA)
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20 March 2015
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13 June 2022
Govt Must Take 'Serious Action' To Reduce Fuel Prices
With 50% of the cost of a litre of petrol or diesel going to the Treasury, the Government must take serious action to reduce fuel prices across the United Kingdom, DUP Treasury Spokesman Sammy Wilson has said. Mr Wilson said: "Fuel duty and VAT make up 50% of the cost of our fuel with green taxes attributing another 7%.
Govt Must Take 'Serious Action' To Reduce Fuel Prices
With 50% of the cost of a litre of petrol or diesel going to the Treasury, the Government must take serious action to reduce fuel prices across the United Kingdom, DUP Treasury Spokesman Sammy Wilson has said. Mr Wilson said: "Fuel duty and VAT make up 50% of the cost of our fuel with green taxes attributing another 7%.
06 February 2006
Fuel costs hit Ryanair profit margin
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Budget airline Ryanair has reported a 26% growth in passenger numbers, but has seen profits hit by high fuel costs. In the third financial quarter, the airline said that it had increased third quarter profits to 36.8 million euro. Traffic grew by 26% to 8.
16 August 2018
Electricity Prices To Rise On 01 October
Power NI is to increase its electricity prices by 13.8 %. This is the firms biggest price rise in 5 years. The price increase will come into effect on 01 October 2018. Stephen McCully, Managing Director of Power NI, said: "Putting our prices up is the last thing we want to do, but unfortunately we are at the mercy of fluctuating world fuel prices.
Electricity Prices To Rise On 01 October
Power NI is to increase its electricity prices by 13.8 %. This is the firms biggest price rise in 5 years. The price increase will come into effect on 01 October 2018. Stephen McCully, Managing Director of Power NI, said: "Putting our prices up is the last thing we want to do, but unfortunately we are at the mercy of fluctuating world fuel prices.
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Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
