Drivers fill up in Northern Ireland
Petrol is being sold at a loss in Donegal because of the ‘significant’ difference in price between the North and south, Fuels for Ireland has claimed.
As excise duty is set at different rates in Dublin and London, the cost of filling up has fluctuated on both sides of the border many times over the years.
On Newstalk Breakfast this morning, Fuels for Ireland CEO Kevin McPartlan said drivers in the North are currently paying far cheaper prices – and recent budget choices mean the gap is set to widen further in the next few months.
“The average price of petrol in Northern Ireland is about 10c a litre cheaper than it is here in the Republic,” Fuels for Ireland CEO Kevin McPartlan told Newstalk Breakfast.
“Then you have the situation in the Budget in the UK, a few days ago, the Chancellor of the Exchequer announced he was going to have a further extension of excise duty cut.”
Mr McPartlan said the result is many drivers make an active choice to fill up in Northern Ireland, rather than at their local petrol station in the Republic.
“What you’re talking about is a differential of about 20c per litre in the cost of petrol, north and south of the border, and about 15c in terms of diesel,” he said.
“That’s driving people across the border to buy their fuel.”
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Credit to : Newstalk