Petrol and diesel prices continue to rise as oil costs jump
Tomas Doherty
The cost of filling your car with petrol or diesel is creeping up again amid a global rise in the price of oil.
The latest survey from the AA found the price of petrol has risen by around 2 cent a litre this month, up to an average of €1.76 cent a litre.
Diesel was up 3 cent to €1.73 per litre.
The latest data from the Central Statistics Office reveals that the national average price of unleaded petrol was €1.75 last month, while a litre of diesel cost an average of €1.71.
It comes amid a fourth consecutive week of price increases for oil on the global markets, as the latest US sanctions on Russian energy trade heightened expectations for oil supply disruptions.
Last Friday, the Biden administration unveiled broader sanctions targeting Russian oil producers and tankers.
The markets are also assessing the potential implications of Donald Trump's return to the White House next Monday.
Trump's pick for Treasury secretary said he was ready to impose tougher sanctions on Russian oil.
