Tag Archive - research on petrol prices

Petrol vs Diesel Price Comparison 2004 – 2008

Labour Party following up on the price of diesel

The Labour Party recently concluded their research into the growing disparity between petrol and diesel prices.

According to this press release from Liz McManus TD, the research compiled by AA Roadwatch showed the disparity clearly, and now she was writing to the National Consumer Agency to have them follow up.

She’s apparently already gone to great lengths, unsuccessfully, to find out what’s going on:

I have raised this issue with the Minister for Communications, Energy and Natural Resources and at the Oireachtas Committee on Communications, Energy and Natural Resources but I cannot find out what is causing this disparity and what we can do to deal with it.

The National Consumer Agency have recently “successfully” taken on Aer Lingus and the estate agents – I wonder how they’ll deal with reversing the concept of “supply and demand” when it comes to petrol and diesel prices?

Labour Party announces investigates price difference between petrol and diesel

Last week, I blogged about an expensive diesel price I noticed in Wexford. Also noticeable in the picture was the fact that the diesel was 20c more expensive per litre than the petrol. In the past, we’ve always been used to diesel being cheaper than petrol, but not recently.

According to this press release from Liz McManus TD, Investigation into disparity between petrol and diesel costs, Labour are going to look into this on our behalf:

Today Deputy Liz McManus proposed and got the agreement of the Oireachtas Committee on Communications, Energy and Natural Resources to investigate the disparity that has arisen in relation to petrol and diesel costs.

“Diesel is now 20% higher in cost on the forecourt than petrol in many instances,” said Deputy McManus. “Yet we are being advised by the Government to choose environmentally more efficient options.

The press release goes on:

“Recent figures show that diesel costs have jumped 17.3% in a year. This is a worrying development for those who have purchased diesel cars in the hope to reduce their emissions.

However (and no offence to Conor Faughnan), their first step in their investigation is:

“The Oireachtas Committee is to write to Conor Faughnan of AA roadwatch to make a presentation as a first step to deal with this issue,” said Deputy McManus.

Shouldn’t investigations such as this be directed to the Competition Authority, or the National Consumer Agency, or The Regulator In Charge of Petrol and Diesel Prices? You can find out the AA take on this by going straight to their website – there, I’ve done their investigation for them!

145c – Is this the most expensive Diesel in the country?

Petrol Price comparison – update

Back in February, we started some analysis (to the end of January) of the price movement trends for the price of a barrel of oil compared to the average recorded price of a litre of petrol as reported by The AA every month.

This I have now updated for the month of February. The average price of a barrel of oil increased over the month (by about $3.50) while the average price of a litre of petrol in Ireland decreased (by 2c).

It’ll be interesting to see how things move for March given the increases in the cost of a barrel of oil over the past couple of weeks.

Price of Coffee vs Price of Petrol

Some coverage in the media today regarding the decision by Topaz to rebrand their 350 Shell and Statoil petrol stations. According to some coverage, this will involve the creation of 400 new jobs.

There was an interview on Morning Ireland this morning with someone from Topaz who confirmed that they would be improving the experience for customers at their forecourts. They would be changing the act of buying petrol from a “grudge purchase” to a more pleasurable experience.

The interviewer remarked, confirmed by the Topaz representative, that Topaz was the largest seller of cups of coffee in Ireland. Apparently, 4m cups of coffee sold per year, representing about 10% of the turnover of the Topaz company.

Just as a quick check this evening, I bought a litre of coffee in the Statoil on the North Road in Finglas.

A litre of petrol would have cost me 118c. A litre of coffee cost me 430c. Over 3.5 times as much. No wonder Topaz is improving the shopping experience in their forecourts – much more money in that than selling petrol.

The Price of Petrol – The Answers

Since December 2006, how much has the price of unleaded petrol increased by?

Since December 2006, the price of a litre of unleaded petrol has increased by 14%. This is based on the average monthly petrol price published here by the AA every month.

In the same period of time, how much has a barrel of oil increased by?

The price of a barrel of oil in the same period of time has increased by 50%. This is the price of the “headline” price as quoted in all news stories regarding the price of oil (crude oil).

Based on questions 1 and 2, are Irish consumers better or worse off since December 2006?

Subjective I suppose, but a price increase of 14% in a year is above the rate of inflation. But the fact that it’s not gone up 50% means we could be worse off maybe.

The Price Of Petrol – some questions for you!

I’ve been doing some research into the price of petrol, or more particularly the increase in price of petrol, since December 2006 compared to the price of oil.

The outcome of the analysis hasn’t exactly matched my expectations (and possibly will be a surprise to you). I’ll publish the numbers tomorrow, but first, some questions for you.

  1. Since December 2006, how much has the price of unleaded petrol increased by?
  2. In the same period of time, how much has a barrel of oil increased by?
  3. Based on questions 1 and 2, are Irish consumers better or worse off since December 2006?
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