The rising cost of motor fuel, largely influenced by legislative mandates increasing biofuel proportions, reflects broader economic pressures including currency weakening and rising shipping costs.
Despite industry claims of no profiteering, the fourth fuel price hike in a year demonstrates how external factors, such as unrest in the Middle East, significantly impact delivery costs.
The gradual restoration of excise duties is contributing to the increased fuel prices, coupled with previous price drops that followed the high costs stemming from the Ukraine war.
With average petrol prices now at €1.74 per litre, and diesel at €1.71, the cumulative impacts of various economic factors and legislative actions are clear.
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