Cost of petrol in Limerick rises above the €1.50 mark

David hurley

Reporter:

David hurley

MOTORISTS across Limerick are being urged to shop around when buying petrol following the latest increase in wholesale prices.

MOTORISTS across Limerick are being urged to shop around when buying petrol following the latest increase in wholesale prices.

Most service stations added between 2 cent and 3 cent to the cost of a litre after wholesalers increased their prices at the weekend.

The latest increase has seen the price of a litre of unleaded petrol pass above €1.50 at some service stations in Limerick.

The higher costs are being blamed on a rise in fuel prices due to due to the current unrest in the Middle East and particularly in Libya.

“The most recent price increases mean that petrol is now at €1.50 per litre and in fact is above that in some garages,” said said AA director of policy Conor Faughnan.

“This is by far the highest price that we have ever paid for fuel in Ireland, and the impact that it is having on ordinary motorists is horrendous,” he added.

While some service stations in Limerick are now selling petrol at more than €1.50 a litre, others have yet to reach that level.

According to the pumps.ie website, which monitors petrol prices across the country the cheapest petrol in Limerick can be purchased for €1.43 a litre at the Xpress service station at Rouke’s Cross.

James Beechiner, who owns the service station along with another station in Kilmallock says this is because he is an independent operator.

“To be honest about it, we just want to remain as competitive as we can. We are independent and there is no middle man and we are passing those savings onto the customers,” he told the Limerick Leader.

Taxi driver, Pat Walsh, says he now faces the prospect of having to pay and additional €50 a week for petrol. “It is having a massive impact on us especially given that our earnings are so low. We are just burning petrol to move up along the ranks and we just can’t afford it anymore and it just another nail in our coffin,” he said.

Maria Kelly, chief executive of the Limerick Chamber of Commerce, says she’s worried about the impact the increase in fuel prices will have on the business sector. “It is hugely concerning and it is a huge issue for any of out members involved in freight, transport or logistics because it will increase their business costs”