Petrol and Diesel prices to fall in Northern Ireland

The UK governement announced its 2011 budget today and included a reduction of 1p per litre in fuel duty meaning a 1p reduction at the pumps from 6pm this evening.

This will see a closing of the gap in petrol and diesel prices between Northern Ireland and the Republic of Ireland and may have an impact on the economic dynamic of border counties.

Currently petrol stations south of the border see a huge influx every day of motorists from Northern Ireland filling up with the cheaper fuel available in the Republic.

A closing of the gap by by 1p or 1.17c per litre will make the decision to journey across the border more marginal for many motorists and may see the resurrection of some petrol sales in border areas of Northern Ireland.

Current prices in Derry for example are as low as £1.339 (or approx €1.539 ) according to the Consumer Council for Northern Ireland while Petrol in Topaz in Muff, County Donegal is currently €1.539, the same price (according to pumps.ie)

The reduction in the UK price would see the potentail for NI to be cheaper than ROI, something that hasn’t been seen for over a decade.

……………………………………………………………………………………..

Ireland Vacations
UK Vacations
Holidays in Scotland

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s