The cost of diesel and petrol has increased by 11 per cent in the past two weeks, according to figures from AA Roadwatch.
The sharp jump has sent the cost of fuel at the pumps to record levels.
The average price of petrol is now €2.13 per litre while the diesel comes in at €2.05 a litre, a 45% increase on diesel prices for last year.
Despite the record increase, Paddy Comyn from AA Roadwatch told Newstalk there does not seem to be an end in sight for the issue.
“It now costs the average motorists of a petrol car €750 more than last year to fill their car for a year, with the average diesel driver now spending €640 more per year than last year.
“Certainly, for now, it looks like there are going up significantly, judging by such an increase over the last two weeks.”
“If they increase at this rate then it looks like it’s only a matter of time before [average prices] reach €2.50 per litre,” Mr Comyn added.
Figures from the AA show it now costs the average motorist €750 more than last year to fill their petrol car for the year, with the average diesel driver now spending €640 more per year compared to 2021.
“We are reaching very worrying levels in terms of fuel costs and the survey shows that these fuel costs are affecting other areas of family life, such as food shopping and family activities,” said AA Ireland spokesperson, Anna Cullen.
“Where people can, they should use public transport, walk and cycle, but this isn’t always possible in rural areas, where public transport options can be limited,” Ms Cullen said.