Petrol prices could hit as high as €2.10 per litre in the coming weeks as the cost of living crisis continues to batter suffering families.
Prices at the pumps are set to hit a record high as the war in Ukraine continues to push up costs across the globe.
Just last year petrol prices were as low as €1.20 per litre but now they are set to increase yet again.
Read more: Fuel prices Ireland: Cheapest places to buy petrol and diesel in Dublin today as prices hit 203.9c
Speaking to the Irish Mirror, car expert Mark Noble, who runs the YouTube channel Nobby On Cars said prices are only going to get worse.
He said: “The oil companies are a cartel, they decide the price and have no competition. That’s the problem.
“Globally, they set the price and there is just not enough pressure being put on them. As long as the war continues and we are not dealing with Russia, there is no end in sight.
“It is easily possible that we could see prices reach €2.10 per litre soon. Prices are just going to keep going up and up.
“The Americans have started to
criticise the prices of petrol, once you see that happening, you might see some pressure being put on Opec Oil”.
In January 2021, the average price of fuel was at 120.8 cents for diesel and 120.0 cent for petrol. This means a jump of around 75%.
Noble added: “Having travelled around Europe quite a few times since February, it isn’t just us – there is no doubt about it. I am back from Norway where they have massively incentivised people to drive electric cars, such as driving in a bus lane with an electric car, no VAT or additional charges on the price of the car.
“But obviously buying a new car, electric cars are just too expensive for many people and any savings they are trying to make to go electric they then have to first stump up the price of a new car, and then start putting energy in it that costs less than petrol or diesel.
“I don’t know what people can really do, except suck it up. Maybe walk more, or cycle more. Think to yourself, can you save and do yourself the world of good by walking.
“You can definitely save, you can charge electric cars if you shop around for your energy provider, for €5 you might get somewhere between 300km 400 km out of that range, but the cost of them is very expensive.
“They start at €50,000 – how do you tell people that?
“The Nissan leaf is still relatively cheap to buy but if people just think I’ll just go electric and save money, unless you have money to buy a new electric car, that’s just not going to be the case.”
Read more: Protest on cost of living is ‘the first step to force Government action’
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