Fuel prices are set to increase from midnight Friday, with significant hikes affecting both 95 and 98 petrol grades. The price of 95 petrol will rise by 5.3 cents, bringing it to €1.888 per litre. Meanwhile, the cost of 98 petrol will go up by 5.7 cents, setting the new price at €2.116 per litre.
In addition to the changes in petrol prices, diesel will be priced at €2.095 per litre. Heating fuel will be available at €1.575 per litre, and LPG will cost €0.83 per litre. These adjustments come as part of the periodic review of fuel prices that impact consumers and businesses alike.
Such price increases can have a ripple effect on various sectors, including transportation and goods distribution, potentially leading to higher costs for consumers. The adjustments reflect ongoing fluctuations in the global oil market, which can be influenced by a variety of factors, including geopolitical tensions and changes in supply and demand.
As consumers brace for these increases, it remains crucial for individuals and businesses to plan accordingly, considering the potential impact on budgets and operations. The revised pricing will take effect immediately as the clock strikes midnight, signalling the start of the new rates.