Despite government attempts to persuade the motoring public that the January 1st Green tax supplement on the price of a litre of fuel would hardly make a difference, the truth is out.
Despite falling prices for fuels due to a worldwide drops in oil prices, fuel prices at the pumps have risen almost five cents since January 1st, 2015 due to various taxes.
Data from the National Fuel Market Authority shows fuel prices increasing 4.63 cents per litre of diesel and 4.99 cents per litre of gasoline.
The hikes are due to the raising of the road service contribution, as provided for in the State Budget 2015, the Green tax and the incorporation of a percentage of biofuel.
The january 1st Green tax was responsible for a price increase of 1.156 and 1.260 cents per liter for petrol and diesel, while the contribution toward invisible and largely non-existent road repairs rose two cents per litre - excluding IVA.
Already the adition of biofuels has added 0.9 cents per litre, excluding IVA, to the price of a litre of petrol and 0.5 cents per litre, excluding IVA, to diesel.
