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2009-12-11 09:45:33 The budget taketh away what the markets are about to give.
Big price pressures on oil this week leading to lower refinery prices which will feed into the pumps just before we carve the turkey - or nut roast if your vegetarian!
Price of brent has fallen from $78 last week to $71 today. Refinery prices have dropped from 36c / litre to 33c / litre on Petrol & 37c to 34c on diesel.
Add in duty/nora/carbon tax of 56.48c for petrol & 47.02c for diesel + 8c - 11c shared for the tanker drivers, distributors & stations, plus the vat and the price of fuel should be about €1.17 - €1.20 for petrol & 1.08 - 1.11 for diesel.
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