The unwelcome news means that motorists could be paying as much as €1.70 per litre of petrol and €1.60 per litre of diesel within weeks. This would pass the record of €1.659 set last May and would be the highest price that Irish motorists have ever paid.
This would also make petrol 20 cent more expensive on average and diesel 18 cent more expensive than September 2011.
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"It has been the year from hell for fuel prices," explained Conor Faughnan, Director of Consumer Affairs, AA Ireland. "Our monthly survey for August showed that petrol is averaging 163.1 cent, diesel 154 cent.
"This is almost as high as the record prices that we were paying in May and the bad news is that it is set to get worse. We are expecting significant price increases to come through over the next week or so that could even push petrol up to €1.70 per litre."
The AA continues to receive a large volume of complaints from motorists about high prices.
"We are continually asked what is causing it," said Faughnan. "There are three distinct reasons. Firstly, there is the rise in oil prices. This fell back a bit during May and June but has turned upwards again.
"Secondly, there is the value of the Euro which is down by 16.5% since this time last year.
"But let's not forget that the biggest reason is Irish taxes. Since October 2008 successive tax increases have added 20 cent per litre to both fuel. We are feeling the full pain of that now, which is hitting family budgets and damaging the economy. Some 57% of the retail price of petrol is tax and that must come down."
(CD)
