Texoil dropped prices by 60euro for 1000 litres since friday. Was 640 now 580 in Galway It's going to be cheaper in 2-3 weeks as crude oil dropped 23% on todays markets
NORA (The National Oil Reserves Agency) is a strange beast. Its normal (pre-covid) income was about €145m a year from levies, and it made a huge surplus of the order of 40% of its income). See here for its annual report: https://www.nora.ie/_fileupload/Annual%20Reports%20and%20Financial%20Statements/NORA%20Annual%20Report%20and%20Financial%20Statements%20YE%20December%202021%20-%20Signed%20with%20audit%20cert.pdf
Their single biggest outgoing seems to be a contribution to the Climate Action Fund (€96m in 2021). So its really another way of hiding a tax on oil fuel. This is on top of Carbon Tax, Excise, and VAT.
I'm sure Eamon Ryan is delighted with this.
Irish Times reported this also last week
2. Fuel tax
This is a real hot-button issue, particularly for rural Ireland. Excise cuts worth 20 cent on a litre of petrol and 15 cent on diesel that have been in place since last March are due to run out at the end of February.
To make matters worse, a National Oil Reserves Agency (Nora) levy, worth another 2-3p per litre, which was suspended in the last budget to soften the carbon tax rise, is due to return at the same time.
Certa sending email to customers..
Can you give a link to that?
In the budget this was reduced to zero and no mention of it returning.
There is a 2c carbon tax increase coming on May 1st which was in the budget. It applied to motor fuels the day after the budget and delayed (as has been for the past few years) to May 1st for heating oils, coal and gas.
I've pulled the trigger today on a top-up.
Cold spell in Europe pushing refinery margins up and Russian output firming up oil prices and further dollar strength pushing exchange rates down.
It won't jump dramatically, but I suspect it's at the bottom of the current cycle.
€522.99 for 500L with Certa in Meath using discount code WRK30. Falling slowly.
Prices will be going up by nearly €20 per 1000L when the NORA Levy comes back into play on the 1st March.
Ethnic minority unregistered traders et al?
From what supplier ?
Got it 500l for €500 cash sale, cork city.
So how many barrels of Brent crude are needed for 500L/1000L of kero and what volume is the refining margin based on (barrels or 1000L)?
Crude is only one part of the equation.
Refining margins and exchange rates are important variables.
Refining margins are currently $25 (lowest in 12 months) - were as high as $88 last year. Historically average is $10
Dollar has strengthened to 1.06 from 1.09 too.
And remember it's the Brent oil price that relates to Europe. Currently $83
Listed as delivering in Limerick https://certaireland.ie/order-form/?fT=3706&c=LK&q=500&vR=13.50&uP=0.9921
Use code WRK30 if ordering off them.
Just checked and got a quote for a limerick delivery so they must have arrived
Certa is part of the DCC group. Both Emo Oil & Campus Oil are part of Certa & both are Limerick based.
Down to 535 now... we bought Saturday at 545. I won't lose sleep over the tenner - or if it drops more... LOL
Still no certa deliveries available in Limerick. 2 filling stations, one at tesco... Do tesco own certa?
Brent crude down 33% since June, might see $70 a barrel soon hopefully
The few local suppliers certa haven't mopped up...
The best Certa code I can find is still WRK30 which gives €30 off 1000L and pro rata down to 300L but Certa can be more expensive even with the code so shop around local suppliers.
Prices still dropping, €545 for 500L for me with Corrib.
https://certaireland.ie/home-heating/?gclid=EAIaIQobChMIvJyjnIuk_QIVQWHmCh2zogBrEAAYASAAEgJciPD_BwE
Looks like it will drop more. There's a glut of diesel/kero and refinery margins are lowest in 15 months.
We may see sub €1 a litre
Got 500 litres during the week for E549.
95c a litre around the border last weekend and under 90c a litre at the minute.
€555 for 500 litres with certa Wicklow, using code WRK30.
Price dropping daily since Tuesday.
Hopefully will continue down to €500
Winter23 is working for 10 off
Any up to date codes for topoil.
Tried the usual winter22 spring23 etc. But no joy
579 with WRK30 in Limerick just now. paid 625 2 weeks ago
558 today, just purchased 500 ltrs (Wicklow)
