Tuesday 24 September 2019

Fuel prices at their highest for eight months, says AA

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Ryan Nugent

Ryan Nugent

Fuel prices have risen to their highest point in eight months, with petrol up 2c in the space of a month, according to research conducted by the AA.

A fuel price survey by the motoring organisation shows that a litre of petrol currently costs 136.9c on average, up 2c since October.

A litre of diesel currently costs 126.1c, and is up 2.7c per litre on October's prices.

It means that fuel costs for both are at their highest since March 2017.

At that point a litre of petrol cost 137.7c, while the same amount of diesel set motorists back 127.1c.

The AA's Conor Faughnan said that petrol prices were at their second highest in the past two years.

"For the majority of this year we had been reporting on downward trends in relation to fuel prices, which was obviously good news for motorists," Mr Faughnan said.

"However, similar to what we had seen last year, as we move into winter, prices have begun to increase, in turn increasing the cost of commuting for motorists at what is already an expensive time of the year.

"In the most recent Budget, the Government missed an opportunity to reduce taxes on petrol, which could have served the dual purpose of reducing the financial strain on motorists and closing the price gap between petrol and diesel."

Irish Independent

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