Escalation in petrol prices set to continue

The upward trend in petrol prices is set to continue, with a litre of unleaded now costing well over 1.70 euro a litre in many Donegal filling stations.

Speculation is rising that the price will hit, and possibly exceed, 1 euro 80 cent in a matter of weeks.

David Horgan is the Managing Director of Petrel Resources , he's been outlining what would be needed for a long term easing of fuel prices........