Clare oil consumers could be facing a a major hike in prices if one of the region’s main refineries is closed and not reopened as an oil importation terminal.
Its one of the findings of a new report on oil refining requirements for Ireland which says householders and businesses in Munster could face increased costs of nearly 10 million a year if the Whitegate facility in Cork shuts.
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Th report went on to state that if it closed then much of Clare Limerick Tipperary Waterford Kerry and Cork
would become dependent on a single supply through Foynes and the increased cost of servicing Munster through the Shannon facility would be €9.5m a year.
