A phased restoration of previously reduced rates of excise on petrol and diesel will take place in another two stages over the coming months.
The reintroduction of excise duty, which was cut by the government in March last year, will see rates restored by a further 7c for petrol and 5c for diesel on 1 September.
The government will fully restore the rates on 31 October, with a final increase of 8c for petrol and 6c for diesel.
“We already know that, unless prices fall again, then petrol will be back up to around €1.80 per litre and diesel to €1.76 per litre by the end of October,” said Paddy Comyn, head of communications, AA Ireland, “which were the same as at the start of the Ukraine conflict.”
Meanwhile, the average EV driver is paying €1,131.04 to charge his/her car over the course of the year – down from €1,138.13 in the previous month – however, those taking advantage of smart meters and cheap night rates are paying as little as €421.43 to cover the same 17,000-kilometre distance.
The AA noted that those who are charging exclusively on public chargers could be paying up to €2,150.27 per year.
With wholesale gas prices falling in recent months, EV drivers are anxiously awaiting the corresponding drop in electricity prices, which providers have yet to pass on, the AA added.