Fuel prices to ‘remain stable’

FUEL prices will remain stable in the short term, with upward pressures on oil being balanced by the deflationary effect of Europe’s economic crisis, according to the latest Bord Gáis Energy Index.

The overall trend is clearly upward.

The index, which now stands at 143, is 17% higher than it was in November 2010. The impact of the uncertain future of Europe’s central currency is also making longer-term prices more difficult to forecast.