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The Heat Is On Bag of coal could cost €30 soon, fuel provider warns

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

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(Stock image)

(Stock image)

(Stock image)

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

CPL 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 coal by €4.50, starting today, and warned that it will increase it by a further €2.50 on April 4th.

A carbon tax increase of approximately 90 cent is also due to be added in May.

This means that the price of a bag of coal will have increased by almost €11 in just eight months, after prices were upped by €3 back in September.

Patrick Reynolds, National Accounts Manager for CPL Fuels, said that the soaring cost of coal has been brought on by the Russian invasion of Ukraine.

“We've seen spikes in the price of oil, kerosene and fuel at the pumps and it's no different in the solid fuel industry. We can't avoid those costs and we have to pass those costs on into the market,” he said.

“We've seen over a 100pc increase in the input costs for our raw material costs for low smoke fuels and solid fuels this week alone.

“It's not unreasonable to expect when we have to pay higher costs for the importation of such raw materials and solid fuels that we have to hand that on to the market.

"We don't expect any changes in the medium term. If anything, this could get worse - it could be further price increases.”

Mr Reynolds said that CPL are calling on the Government to step in and subsidise the cost of coal, estimating that around 80,000 households rely on it to heat their homes.

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He said: “We're calling on the Government to consider putting a subsidy on the cost of low-smoke fuels and smokeless coal, which will be in keeping with their low-smoke strategies, but will also help those families in these difficult times to allow them to burn fuel that's more competitive and more cost efficient.”

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