Prices for bulk orders of green diesel have further increased as of Friday, with quotes across the country now ranging from €1.27/litre to €1.43/litre, including VAT.

In under one week, green diesel or marked gas oil (MGO) prices have risen by as much as 43c/litre or 43% following the US and Israeli attack on Iran. This day last week prices had been hovering around the €1/litre, including VAT.

A number of suppliers across the country outlined that daily increases are still being added, with one midlands supplier stating that prices were up 12c/litre on Friday alone.

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As result of many consumers ‘panic’ buying, delivery times of up to one week are being quoted.

Brent crude, the major oil benchmark is today trading at US$91/barrel, up from US$83-US$85/barrel on Tuesday, and up US$20/barrel in the space of a week.