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2010-02-22 09:09:49 Unfortunately a combination of a surprise rise in US interest rates and better than expected economic figures from China & the US have led to oil prices increasing.
With the US dollar trading below 1.36 & brent oil at $78, the cost of refined petrol / diesel has risen to 41c / litre. Add in the relevant distribution costs, vat & duties and we'll be seeing increases on the forecourt fairly soon.
Expect unleaded to head towards 1.28 & Diesel to 1.19. On home heating it would be best to fill up asap aas prices will rise towards €600 per 1000 litres soon and then a further €50 odd will be added on May 1st with the carbon tax. (already applied to petrol / diesel)
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