Wednesday 26 October 2016

Motorists urged to 'shop around' as fuel prices drop

John Brennan

Published 18/01/2016 | 02:30

Consumer Affairs director Conor Faughnan
Consumer Affairs director Conor Faughnan

Diesel is costing as much as 116.1c a litre in parts of the country, even though some forecourts are selling it for under €1 and the AA has urged motorists to 'shop around'.

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Latest figures released by the AA highlight a wide variation in the prices being paid at pumps across the country.

This comes after fuel prices plummeted during the week as crude oil prices fell to a 12-year-low at $30 a barrel - with some experts expecting prices to continue on this downward trajectory. Some forecourts are already advertising diesel for around 99 cents a litre.

Figures released by the AA, however, show a wide variation in the prices being charged for both petrol and diesel.

Donegal is the most expensive county for filling-up a tank of petrol, with an average of 128.1c per litre - 1.6c higher than the national average.

One station in the border county had prices 5.4 cent more than the national average.

The most expensive county for diesel was Wicklow, with the average price being 116.3c per litre - 3.5c above the national average according to the AA. Conor Faughnan, director of Consumer Affairs, said: "On the whole, we did find prices in these counties to be a bit ahead of the norm."

Laois appeared as the second most expensive county for petrol, very slightly cheaper than Donegal. Wicklow ranked in third place, with the average per litre at 127.6c.

Mayo and Roscommon are the cheapest counties in which to fill a diesel car, with an average price of €106.5 per litre. Mr Faughnan also suggested consumers shop around, as there can be a wide difference in price even within the same county.

The AA also said taxes on fuel were adding as much as €400 to annual petrol and diesel bills.

"These taxes were applied in response to the economic crisis ... these extra taxes have essentially fulfilled their initial purpose," Mr Faughnan said.

Fuel taxes are charged by the litre, so even though the prices fall, the taxes do not.

Irish Independent

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