Maxol, the largest entirely Irish owned oil company, has announced a 4p a gallon cut in its petrol prices. The company's group general manager, Mr Tom Noonan, said that he believed this would prompt competitors to follow suit in the coming days. He hoped, however, that the Minister for Finance would not recoup the benefit by increasing petrol taxes in the Budget.
The new prices are: super leaded, 60.02p per litre (down 0.88p); regular unleaded 56.24p (down 0.96p); super unleaded 58.78p (down 0.92p).
