Heating oil big drop

Ye, 1st May.

"Budget 2023

It was announced that Carbon Tax will increase by €7.50 per tonne of carbon dioxide emitted, from €41.00 to €48.50. This applies from 12 October 2022 for auto fuels but will be offset by a levy reduction so that it will not result in a price increase. For all other fuels, the carbon tax will increase from 1 May 2023"

https://www.citizensinformation.ie/en/money_and_tax/tax/motor_carbon_other_taxes/carbon_tax.html

Anyone in Louth or Meath can take advantage of a spat between Click oil (part of GO fuels) and Capital oil.

Both under €800 for 1000L

Have to be selling at cost or even a little below cost at that price, so it's unlikely to be seen elsewhere and might be very short lived

Refining margins dropping another couple of $ to under $13, oil prices down a couple too, so the carbon tax will probably not be noticed.

Also Dollar gone past $1.10 against the Euro

I highlighted that here before but some members ridiculed the possibility. It was proven correct though with some suppliers so always double check p/l prices when straying from the 300/500/1000L price.

cheapestoil now has a map showing the cheapest quotes per county

Not sure hoping people get cancer is a good way to tackle older diesel cars tbh. I know where your coming from but remember the government pushed people into diesels in the past and electric cars are the way to go, but who can afford them. A select section of society at the minute.

€20 I think on 1000L but the way it's looking in the markets it should cancel it out unless the Sudan mess draws others in the region in. Hopefully not.

pressure still on oil and refining margins. Price still falling.

You could see a level close to €800/1000L in a couple of weeks (Louth & Meath already have sub €800 due to a price war)

well, just got a call back from the CCPC and they're very interested in anyone who has information on collusion in market pricing.. so if anyone has any nugget on cartel-type shenanigans, they want to know. the lady I talked to was very down to earth and sound and genuinely interested.

Down to 842 per 1000 litres in Donegal

Low summer demand at a guess. The duty on all other fuels will start to rise in increments from Thursday, so it's worth keeping an eye on that if you're still running your heating on MGO.

It does. It's called Mineral Oil Tax.

All the market influences are stable enough at the minute so unless something happens not much movement by the look of it. Refining costs went up a bit but falling again now.