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Ireland's fuel prices will rise by 2 cents per litre on January 1st due to a new biofuel mandate.
Ireland's fuel prices are set to rise by 2 cents per litre on January 1st due to legislation requiring a higher biofuel content.
This marks the fourth increase in fuel costs over a year, with previous hikes linked to excise duty and carbon tax rises.
Despite this, the government's reduction of the MIICF levy from 1% to 0% may lower motor insurance costs by around €20 million.
Current prices are averaging €1.74 per litre for petrol and €1.71 for diesel, with the new legislation expected to add about 15 cents to petrol and 12 cents to diesel per litre.
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Los precios del combustible de Irlanda subirán en 2 centavos por litro el 1 de enero debido a un nuevo mandato sobre biocombustibles.