The Irish Petrol Retailers Association (IPRA) is urging motorists across Ireland to understand the real reasons behind the recent rise in fuel prices, reminding the public that independent forecourt operators have no control over wholesale fuel costs or global oil markets.

Independent stations typically hold between two and seven days’ worth of fuel in underground storage tanks. Given the spike in demand, most tanks were drained in less than 24hrs. When these tanks are refilled, the fuel is purchased from wholesalers at the current wholesale rate — a cost that retailers must pay in full to keep supply available. Independent forecourts are doing their best to keep prices as low as possible, often working on margins of just one percent or less,” said David Blevings for the IPRA. “The reality is that most of our members earn their living through shop sales, not from fuel margins. The idea that small local retailers are profiteering from rising prices is false.”

Explaining the broader market pressures, Martin McSorley, an independent retailer and IPRA member, said: “Most of our oil doesn’t come from the North Sea. When around 20% of global oil supply that comes from the Middle East is suddenly restricted, all the countries that usually buy there start competing for supplies elsewhere. When demand rises like that, the cost goes up everywhere.”

The IPRA noted that international tensions, including the ongoing conflict in Iran, have made supply tighter and pushed global oil prices higher — even for fuel not sourced directly from the Middle East.

Equally impactful are Government taxes and duties. Around 65% of the price of petrol and 60% of diesel currently go to the Exchequer in the form of excise duties, carbon tax, and VAT.

The Irish Petrol Retailers Association represents hundreds of independently owned forecourts nationwide, advocating for transparency, fair regulation, and sustainable fuel supply across Ireland.

For further information or press enquiries, please contact:
Irish Petrol Retailers Association
Email: office@ipra.ie
Website: www.ipra.ie