In the Republic of Ireland, tax is by far the single largest component of the pump price. Its pretax cost to the Irish consumer is much less than that of products such as bottled water, milk, orange juice or beer – all the more remarkable given that the raw product must be searched for beneath the surface of the Earth, extracted, transported across oceans, refined into petrol and other products which are then freighted to Ireland, stored and delivered locally.

what determines pump prices