Motorists face 5c fuel hike as surge in oil price bites

IRISH motorists could be paying around 5c more for their petrol by the end of this week, as the rise in crude oil prices begins to bite.

Topaz Energy — which operates the Statoil and Shell petrol station brands here — warned yesterday that motorists could expect to pay around €1.20 per litre of petrol at the pumps by as early as the end of this week.

This is up from October’s average price of €1.15 per litre (the Government’s fuel levy increase to 1c per litre which became effective at the beginning of this month has also upped prices).