‘You could see €4 a litre for diesel by the end of the year,’ warns expert

High fuel prices have already led to a free public transport policy being introduced in Australia to encourage people to switch from private vehicles. Picture: Nick Ansell/PA Wire

Diesel could reach €4 a litre by the end of the year, with oil prices potentially not returning to pre-war levels until 2027 and gas prices until 2028, experts say.

The Government cannot protect against market increases in fuel prices indefinitely, Dr Oliver Browne, lecturer in accounting in University College Cork’s Business School, said.