Petrol prices up 12% since January

Petrol prices are up 12 per cent since the start of the year, according to a survey by AA Ireland.

Petrol prices are up 12 per cent since the start of the year, according to a survey by AA Ireland.

The figures show a litre of unleaded petrol now costs nearly €1.159, up 4.8 cent on March's price while Diesel also rose by €0.017 cent to an average of €1.085 in the same period.

Public affairs manager of AA Ireland Conor Faughnan said the figures for Irish motorists were not going to get any better.

Mr Faughnan said: "High demand for oil in places like China and India is also now a fact of life...it doesn't look as if we are going to have cheap petrol again any time soon."

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The AA estimates that the increases in fuel prices means that the average cost for Irish motorists has increased by about €18 per month.

The rise in prices was blamed on a number of factors including the cost of oil rising to above $65 a barrel.

However, the AA said that Ireland had been saved from the effects of US gasoline shortage worries due to the current strength of the euro against the dollar.