The weather outside is frightful, but the price per litre of petrol and diesel is a little more delightful for Irish drivers today, as the AA reports that costs have fallen by 10.5 per cent on average.
Petrol down by 17c per litre
According to the AA's latest fuel price survey, the cost of a litre of diesel has fallen by 22c at the pump, while petrol is down by 17c per litre. That puts the price of diesel at its lowest level since the Russian invasion of Ukraine. Petrol is the cheapest it's been since September 2021.
Diesel falls by 11.3 per cent
In fact, a litre of petrol now costs, on average, €1.60, a 9.8 per cent fall since the beginning of November. Diesel has dropped, on average, to €1.74 per litre, an 11.3 per cent drop since November and the first time in a long time that the cost of a litre of diesel has gone below €1.80. It's the lowest price for diesel since February 2022.
Slight respite for motorists
"These latest price reductions come at a good time for motorists, hauliers and commercial operators alike. There is no firm indication on how long these prices will last, but for now, they give consumers some slight respite against ever-increasing prices," said AA Ireland's Head of Communications, Paddy Comyn. The AA calculates a diesel car will travel, on average, around 850km on a tank vs 700km in petrol, which is why even though diesel is more expensive, the consumer is still likely to use less of it for the same average 17,000km per year.
A driver filling up an average 50-litre fuel tank will now pay €80 for a full tank of petrol or €87 for a diesel fill-up.