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Fuel prices rise in March

Published on: April 19, 2010

Fuel price survey finds that petrol prices soared again last month.

Fuel prices continued to increase in March reflecting a worrying upward curve towards the peak prices experienced in 2008.

Figures released from AA Ireland indicate that a litre of petrol now averages at 131.8 cent, up 4.1 cent from the previous month and 9.4 cent since January.

Diesel prices also increased to 122 cent per litre, a 32 cent increase since February and a 7 cent per litre rise since January.

When compared to last April, a litre of petrol has gone up by 24 per cent, with diesel is up 22 per cent from the average price in the same month last year.

The price rise is being blamed on the increase in fuel taxes in last year's December budget; tax now accounts for 70 per cent of the retail price of petrol and 58 per cent of the retail price of diesel.

Conor Faughnan, AA director of policy advises motorists to shop around.

"There is not much we can do about world oil prices, but we can all continue to be price conscious here at home," he stated.

"The AA is reiterating its advice to motorists to shop around for fuel rather than staying loyal to garages out of habit."

Written by: Aoibhinn Twomey