Fears of rising prices and energy shortages this winter has led many consumers to stockpile fuel, according to distributors here.
It was established in 2014 and has grown steadily since then, with its business picking up significantly during the pandemic. "I’ve seen a 171% increase for the last two months in the average order values," he said."So the guys are not only buying early, they’re also making larger purchases. Mr Armstrong said much of the activity is coming from existing customers who are this year buying more, however there are also many new customers who are also looking at the fire as a home-heating option again.
"In the last couple of months sales have been down quite significantly, by about 20-25%," said Kevin McPartlan, CEO of Fuels for Ireland, formerly the Irish Petroleum Industry Association, which represents fuel distributors and retailers across the country. Price volatility means that some will also be reluctant to pay for a full tank when there is a chance of the price coming down later in the year.
The move has again raised fears that Russia will completely cut off gas supply to Europe during the winter. That would also have a disproportionate effect on electricity prices here, as nearly half of Ireland’s electricity generation is gas-powered.
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Source: IrishTimes - 🏆 3. / 98 Read more »