Petrol prices set to continue rise

Petrol prices set to continue rise

Consumers will continue to feel the pinch at the pumps as Ireland has recorded its highest rise in oil prices since February.

The weakening euro is said to be one of the factors pushing up the price of fuel, along with escalating tensions in the Middle East.

This resulted in an 8% hike in the cost of wholesale oil for July, which is expected to have a knock-on effect for consumers.

Power Trader at Bord Gais Energy, John Heffernan, has said motorists are not likely to see a let up in rising prices for some time.


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