How long until we see €2 a litre and will it push more to EV's faster?

I was very amused earlier while having lunch at the number of my colleagues complaining that the forecourt prices hadn't fallen at all today. I couldn't even be bothered explaining to them why.

When the government puts 5c on fuel in the budget from midnight it goes on immediately, why, ?

Circle k seemed to had capped their diesel at 228⁹ and petrol at 199⁹ at all of their company operated sites.

And they all had the same drop morning.

In my local pub the price of cigarettes only goes up the next time the machine gets filled. Despite what the media may say.

The duty is applied to the wholesale price at midnight, the retail price increase is at the discretion of the petrol station owner.

Yes it's optional.

But people won't buy off you if your 10 cent above the going rate locally.

Did they get a delivery today?

Of course they'll do it. It's called competition. They skin the price of fuel to get you into the shop.

There's no point trying to explain it to these guys. They just don't want to know.

The government should have dropped by 8c last night and then a couple of 6c increments over the next week or so.

I don't envy garages trying to cover all the volatility and then to get abused by the thicko's who are too thick to understand the chaos all this volatility is causing.

If you'd watched the full interview you'd have heard him explain prices were already well on the way up due to the threat of war etc and the actual 'war' prices didn't kick in until the following Saturday for him.

I don't see why he'd bother BSing it on the news TBH as it's no skin off his nose.

Looks like I misheard, he actually had 156000 litres in stock when the tax changed.

Martin McSorley, a member of the Irish Petrol Retailers Association and owner of eight service stations in the south-east, said his businesses have had "a lot of comments from customers and we've had some abuse online on social media".

He said even setting up for the Six-One interview on RTÉ One, that was broadcast live from one his forecourts, people have been "shouting at us and different things".

Mr McSorley said: "Customers have an expectation that it [price cuts] should happen instantly, but it just doesn't work that way.

The cuts have been applied at only two of the filling stations since the reduction came into effect.

"As of midnight last night, we had 156,000 litres of stock in the ground which we paid a much higher price for.

"So, in some of our sites we won't be able to pass that on until that stock level lowers," he said.

"And then we also have an issue where customers are expecting a drop of 20 cent, but we were not as high a price at midnight last night as some sites would have been.

"So, our drop today on this site was only 10 cent because we were only at €2.19 for a litre of diesel, so that 10 cent is not what customers were expecting.

"So, there's a little bit of abuse from that as well," he said.

This is partly why garages put the price up quickly on existing stock. To build in a bit of a cash buffer so if there's a sudden drop and it has to be sold at a loss they can cover it

This kind of reality goes way over the heads of the Facebook warriors of course.

Yes the FUEL PRICES IRELAND page is full of imbeciles.

The last few days I learnt that excise is paid by the retailer to the supplier on delivery of the fuel. Up until then I had presumed it was paid by the consumer at the point the transaction was made in the forecourts.

This was my assumption because on a typical budget day there's an excise increase from midnight that night which is almost always visible that morning in the forecourt price sign.

Yes exactly this. If prices don't come down immediately they also shouldn't be going up immediately