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Tuesday 24 April 2018

Fuel costs fall as petrol close to 2016 prices

Petrol prices are now at their lowest since December 2016, while diesel is at its least expensive since October 2016. Stock Image
Petrol prices are now at their lowest since December 2016, while diesel is at its least expensive since October 2016. Stock Image
Conor Feehan

Conor Feehan

Petrol and diesel prices have fallen for the fourth month in a row, bringing values closer to where they were 12 months ago, according to a survey by AA Ireland.

A drop of 2.4c in petrol and a 3c drop in diesel prices means petrol now costs an average of 131.9c a litre, while diesel now costs 119.2c.

Petrol prices are now at their lowest since December 2016, while diesel is at its least expensive since October 2016.

"The last several months have brought good news for motorists when it comes to fuel prices and July has, thankfully, continued that trend," said Conor Faughnan, who is the AA's director of consumer affairs.

"With the cost of a litre of fuel continuing to fall, prices are moving closer and closer to where they were 12 months ago, with petrol prices just 0.6c per litre more expensive than it was in July 2016, although diesel is still almost 3c up on this time last year."

Despite the drop in fuel prices, the motoring organisation has highlighted that the extent to which fuel is taxed in Ireland only serves to make it tougher for people who rely on their car to commute to work.

Irish Independent

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