Cost of living in Ireland: the price of a bag of coal could reach €30, warns the fuel producer

A major fuel supplier said the price of a bag of charcoal could rise to €30 over the next few months.

PL Fuels in Dundalk, Co. Louth said the rise is due to an increase in the cost of materials caused by the war in Ukraine.

They have increased the cost of a bag of charcoal by €4.50 effective today and have warned they will increase it by an additional €2.50 on April 4.

A carbon tax increase of around 90 cents is also expected to be added in May.

This means that the price of a bag of charcoal will have increased by almost €11 in just eight months, after rising by €3 in September.

Patrick Reynolds, national accounts manager for CPL Fuels, said the spike in coal prices was caused by the Russian invasion of Ukraine.

“We’ve seen spikes in the price of oil, jet fuel and fuel at the pump and it’s no different in the solid fuel industry. We cannot avoid these costs and we have to pass them on to the market,” he said.

“We have seen an increase of more than 100% in input costs for our raw material costs for low smoke fuels and solid fuels this week alone.

“It is not unreasonable to expect that we would have to pay higher costs for importing these raw materials and solid fuels than we would have to put them back on the market.

“We don’t expect any changes in the medium term. If anything, it could get worse – it could be further price increases.”

Mr Reynolds said CPL was calling on the government to step in and subsidize the cost of coal, estimating around 80,000 households depended on it to heat their homes.

He said: ‘We are asking the government to consider subsidizing the cost of low smoke fuels and smokeless coal which will be in line with their low smoke strategies but will also help these families in these times. difficult. to enable them to burn a more competitive and profitable fuel.

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