Ireland: Irish Budget Puts More Pressure on Cross Border Retail Prices
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Wednesday, 30 December 2009 |
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The Minister for Finance Brian Lenihan increased the price of petrol by
4 cent per litre with a litre of diesel going up by five cent in a key
budget before Xmas to sort out the economy.
According to the latest AA fuel price survey, petrol now costs an
average of 122.4 cent per litre while diesel costs an average of 112.4
cent per litre. The average price for petrol in Northern Ireland is
also 122 cent per litre
Diesel remains cheaper in the the South of Ireland because it is more
heavily taxed in the UK jurisdiction. A litre now costs a British
driver €1.24 on average. In September of 2008, diesel was 18 per cent
more expensive.
The latest tax increases this means 70 per cent of the retail
price of petrol is made up of tax, in the form of excise duty, vat and
the carbon tax while 58 per cent of the retail price of diesel is tax.
PetrolWorld 241209
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