"There’s been an enormous increase in petrol and diesel prices in the last week,” said Conor Faughnan, independent motoring expert for Carzone. Home heating oilHome heating oil has almost doubled in price in the last week. Price comparison website oilprices.ie shows the average price of 500 litres of home heating oil has jumped significantly since the US and Israel began strikes on Iran on February 28. Consumers have also noticed the price at the petrol and diesel pumps increasing significantly. “But if oil prices go up and stay up, with them will go all the other energy prices.

Source: Irish Examiner March 07, 2026 06:02 UTC