Drivers ‘fleeced’ as oil price plummets

24th December, 2014

Government fuel taxation policy is fleecing Ireland’s motorists and road hauliers who are not enjoying the real benefits of plummeting oil prices, according to industry representatives.

Crude oil plunged a further 6.5 per cent on Friday to below $70 per barrel, the lowest price since 2010, after Opec countries decided not to cut their oil output.

That threatens to leave a glut of oil on world markets. Nevertheless, despite the fact that crude oil is down...

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