Fuel prices show first fall since October

There has been some slight relief at the pumps in recent weeks, as the latest AA fuel price survey reveals that petrol and diesel prices both fell back this month.

Petrol fell by 1.6 cent to an average of 151.3 cent per litre, while diesel fell more sharply – down 3.2 cent to an average of 142.8 nationwide.

For petrol users, the current average price means that the cost of a month’s fuel for a typical motorist is now almost €230. This is based on 12,000 miles per year at a fuel economy rate of 30 miles per gallon – typical for a mixture of urban and rural driving.

“It is a question of being thankful for small mercies,” said AA director of policy, Conor Faughnan.

“For the first time in eight months, petrol prices did not get any worse. The small drop is helpful but we are still dealing with record high prices overall,” he said.

“We still have high oil prices combined with inflated Irish taxes. With both oil prices and the exchange rate between the euro and the dollar remaining volatile we are not out of the woods yet.”

The AA reminded diesel users that, while it is always good advice to shop around for good value, you must be sensible about it.

“Go to reputable garages and use your common sense,” said Mr Faughnan. “There is no doubt that we have a problem out there with dodgy diesel.”

Earlier this month, Garda and Customs officers raided a fuel laundering plant in Co Monaghan with the capacity to produce 20 million litres per annum – enough to supply ten service stations all year round.

Drivers with laundered diesels in their tanks are guilty of a serious offence. Apart from the legal consequences – a fine of €5,000 is possible – you may damage your engine, necessitating in a costly repair.

 

Page generated in 0.0505 seconds.