Fuel oil prices reached their highest recorded level since the current series began in 2021, rising 50.1% in April. Gas oil prices also hit their highest level since July 2022. The All Energy Fuels index increased 32.6% compared with March and 42.3% compared with April of the previous year. The overall Energy Products Index rose 9.5% in the month and was 24.4% higher than April 2025. Wholesale electricity prices increased 1.9% in April and were 18% higher than a year earlier, though they remained 66.2% below the August 2022 peak. Gas oil prices excluding autodiesel rose 16.9% in April, while fuel oil rose 53.7% and gas oil rose 45.2% annually. Manufacturing wholesale prices also increased for chemicals, fabricated metal products, and pulp and paper products.
"Fuel oil prices jumped by 50.1pc during April, helping drive the All Energy Fuels index up by 32.6pc compared with March and 42.3pc higher than the same month last year. Fuel oil prices hit their highest recorded value since the current series began in 2021, while gas oil prices reached their highest level since July 2022, the CSO said."
"The overall Energy Products Index - which is a combination of petrol, oil, gas and electricity rose by 9.5pc in the month and was 24.4pc higher than April 2025. Wholesale electricity prices also rose, up 1.9pc during April and 18pc higher than a year earlier. However, electricity prices remain 66.2pc below a peak recorded in August 2022, soon after Russia's invasion of Ukraine."
"The surge in energy prices was also driven by a 16.9pc rise in gas oil prices excluding autodiesel, the CSO said. On an annual basis, fuel oil prices rose by 53.7pc while gas oil prices increased by 45.2pc. Other notable increases across manufacturing included chemicals and chemical products, which rose by 11.9pc year-on-year."
""Wholesale prices for all energy fuels rose 32pc month on month and by over 42pc in the 12 months to April 2026, underscoring the continued impact of geopolitical disruption on global energy and commodity flows," said Simon MacAllister, Partner at EY Ireland."
Read at Irish Independent
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