According to the latest fuel prices survey from AA Ireland, prices have fallen by an average 1.1c per litre across the country, the decrease marks the first time since September 2016 that the price of a litre of petrol has fallen.
Also, diesel has now fallen to its lowest level since the beginning of 2016.
Reportedly, petrol now costs an average 136.6c per litre and diesel an average 126.0c per litre which is down from March’s prices of 137.7c and 127.1c per litre respectively.
According to Conor Faughnan, AA Director of Consumer Affairs, “While it may not be the most sizeable decrease, particularly when we consider that the cost of a litre of petrol or diesel is still about 5c higher than it was at the end of 2016, this does represent some overdue good news for motorists,” stated. “While we don’t know what the future holds for fuel prices, after months of significant increases we will hopefully see a new trend emerge.”
Despite the drop in fuel prices, the motoring organisation has expressed concern over the tax levels imposed on fuel spend. The AA’s fuel prices survey found that 'tax accounts for 63.18% of the current price of a litre of petrol, and 58.30% of the price of a litre of diesel'.
“Unfortunately this decrease, while welcome, won’t do much to ease the concerns of motorists who are still paying almost 10c a litre more for fuel than they were this time last year. In response to these increases the AA continues to offer all members and customers an AA Fuel Card which will see them get 4c off per litre of fuel purchases at select garages,” Faughnan added. “However, beyond this we would once again call on Government to assess the extent to which petrol and diesel spend is taxed.” Faughan added.
© 2017 - Checkout Magazine by Donna Ahern