Motorists are being warned of record fuel prices at the pumps due to the Russian-Ukraine border crisis.
Crude oil has risen above $90 a barrel for the first time in eight years.
Some petrol stations have added two cents onto the price of petrol and diesel overnight, meaning motorists nationwide could be paying around €1.77 cent for a litre of petrol within the next few days.
Today, the average price of petrol in Ireland is 170.2c with diesel coming in at 160.5c
David Horgan, Managing Director of oil and gas exploring company, Petrol Resources, says the problem has been building for months:
"Everyone's focused on Ukraine and that is the immediate crisis, but the underlying story is that this is an accident waiting to happen."
He continued: "The supply/ demand balance has been tightening dramatically since late 2020 and the recovery from Covid."
