The average price of petrol and diesel dropped by an average of about 10% in December, a survey by AA Ireland shows.
A litre of petrol now costs on average €1.60 per litre, representing a 17 cent or 9.8% drop since last month. Figures show that this is the lowest average price for petrol since September 2021.
The average price for a litre of diesel is now €1.74, a drop of 22 cents per litre or 11.3% compared to November.
The cost for a litre of diesel before taxes are applied is 87.5614c. Petrol costs just 65.3103c per litre before taxes are added.
The latest figures are the lowest prices recorded in Ireland for diesel since February of this year.
Prices have risen steadily since the Russian invasion of Ukraine in that month.
"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.
"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,” Mr Comyn said.
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