Price of diesel and petrol set to hit all time high next week

Motorists are being warned that the price of petrol is expected to hit an all-time high next week.

According to AA Ireland, the cost of a litre of petrol will increase on average to 1 euro 70, while diesel will rise to 1 euro 60 per litre.

These figures are a national average - prices in some areas of Donegal are already at 1.69 for petrol

An increase in the demand for oil - and the declining value of the euro against the dollar - are being blamed for the price hike.