Ireland’s latest VAT hike has sent fuel prices to a record high.
Petrol costs are up to 154.9c per litre, a jump of 7c in just a month while diesel is also at a record high of 153.1c per litre, an increase of 6.2c since last month.
While most of the increase is due to the government VAT increase (from 21% to 23%) the remainder is due to the value of the Euro weakening against the dollar, and increases in wholesale prices.
VAT Increase Sends Fuel To A Record High
Tue 17th January 2012
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