Author Archives david.blevings@ipra.ie

Oil prices up force retailers to increase road fuel costs

11th May 2018
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The recent declaration by President Trump that he will withdraw from the Iran nuclear deal has caused crude oil prices to increase to over $77/tonne, a figure last seen at the tail end of 2014.

David Blevings, spokesperson for the Irish Petrol Retailers Association said, “Unfortunately the instability and concern around the Trump decision to withdraw from this deal has made traders nervous and is adding a premium to crude oil prices. In turn this is increasing the cost of wholesale fuel costs which has to be borne by retailers. We are seeing a 1 – 2cpl increase in local terms and this is unwelcome news for consumers and retailers who have no choice but to pass on increased costs.

The speculation that we could see $80/barrel by the summer looks like it could be achieved but we are hopeful that there will be a peaceful solution to the Middle East issue and with American shale production ramping up we would like to see prices back to the $50-60/barrel range by the end of the year”, added David

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Oil price gain on Middle East concerns says IPRA

20th April 2018
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Unfortunately, we are seeing an increase in local fuel prices. This is a result of inflated crude and wholesale fuel prices due to the current round of sabre rattling in the Middle East. Any sign of discontent in this region is usually bad news for oil prices as the threat of reduced supply spooks the market and pushes prices up.

Speculation is we could see $80/barrel by the summer and with OPEC and non-OPEC countries threatening to further tighten supply, this could be a reality.  Of course this is good news for Saudi Arabia who are preparing to float Aramco. However, the oil nations need to play a balanced card as increasing prices too high will force more and more motorists around the world to switch over to electric vehicles reducing overall oil demand.

The one bit of positive news is that as global oil prices rise, US shale production becomes more viable and we will see shale make an appearance to assist push prices back down.

Looking forward we see the tension in the Middle East reducing as discussions there reach a peaceful solution and American shale production ramps up pushing prices back to the $50-60/barrel range. We would be confident that prices will return to a more ‘normal’ level  by the end of the year.

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Another unauthorised car wash closed by planners

3rd January 2018
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IPRA has welcomed the actions of South Dublin Planning Authority as they close another unauthorised car wash in South Dublin.

The site was beside the Ballyowen Castle Shopping Centre, Lucan and following an investigation by the Planning Authority and the service of an enforcement notice in October 2017, the wash and associated advertising have now been removed.

Another good result for the legitimate trade. If you are aware of unauthorised wash site near your station send details to office@ipra.ie

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Festive greetings from IPRA!

19th December 2017
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2017 was a very busy year for the IPRA and the organisation continues to grow from strength to strength.

Hopefully you have already received your hard copy of our New Forecourt News Magazine but if not please let us know and we will stick one in the post to you. This can also be viewed online if you click here (please feel free to distribute to anyone else you think may welcome a read). http://ipra.ie/wp-content/uploads/2017/12/ForecourtNewsDecember2017LR.pdf

  • This year has been an uphill battle dealing with Government policy, they seem to be oblivious to the needs of the small retailer. The proposed new Alcohol Bill (2015) is an example where the IPRA has been able to work with a number of other bodies to lobby for a more favourable outcome regarding the display of alcohol. A special thanks to IPRA member Declan Cronin for joining the IPRA in attending stakeholder discussions with the Department of Health. As always we will keep you updated on this important issue affecting your trade.
  • Another major issue has arisen due to the revaluation of businesses for rates – the IPRA has a barrister reviewing the legislation with a view to challenging this and will again keep you updated as this issue progresses. Remember, every county is being revalued so this issue impacts all station owners – even if you have not been revalued to date.
  • Our Forecourt Retail Exhibition in City West in September was opened by Minister for Transport Shane Ross and was a great success.  Our next Forecourt exhibition will be held on the 14th March 2019 at the same venue.
  • We also made representations to the Department of Finance against the much discussed proposal to increase the duty on Diesel road fuel and ran a successful petition (with the help of all member stores that participated) and were delighted to see our hard work pay off with the budget outcome.
  • We launched our new website in December and we continue to look to improve for ways to improve the user experience and we would welcome any comments/suggestions.
  • As part of our effort to protect your business and investment we will register all legal car washes on our new website www.irishcarwash.ie. We are looking to partner with the industry to weed out illegal car washes.

Any association is only as good as its members and we are privileged to represent retailers in every county in the Republic of Ireland. We welcome new members and we are asking existing members to nominate one potential fuel retailer to join the association.

If you know of a retailer you would like to nominate for membership, please send their details to office@ipra.ie  This will help us to continue to grow and support our industry.

If you have not already done so please check out our new website at www.ipra.ie and if you have any issues accessing pricing etc. please contact us straight away. We will continue to lobby on your behalf and if there are any issues that you need help on please do not hesitate to get in contact especially if there is anything for 2018 that you would like us to tackle.

Finally, the IPRA would like to wish you and your family a very Happy Christmas and all the best for 2018.

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