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Petrol and diesel prices have fallen for four months in a row and are set to drop further

16 July 2017 11:16
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Petrol and diesel prices have fallen for four months in a row and are set to drop further

THE PRICE OF filling up your car has gotten cheaper over the last four months and the price of petrol and diesel looks set to keep falling.

A report by the AA has found that the cost of fuel has fallen for the fourth successive month with a litre of petrol at 131.9c and diesel now costs 119.2c per litre.

While it is welcome news for motorists, the AA said while the immediate outlook is good, there is no way to know if the trend will continue into next year.

Conor Faughnan, AA director of consumer affairs, said: “The last several months have brought good news for motorists when it comes to fuel prices and July has, thankfully, continued that trend.

“Thankfully, as things currently stand many of the factors which inform fuel prices, such as European wholesale prices, are pointing in the right direction for motorists, although it’s impossible to know how long this trend will last for.”

Despite the drop in fuel prices, the motoring organisation has highlighted that the extent to which fuel is taxed in Ireland only serves to make it tougher for people who rely on their car to commute to work. The AA’s fuel prices survey found that tax accounts for 64.77% of the current price of a litre of petrol, and 60.53% of the price of a litre of diesel.

“Driving is an essential part of the lives of many people who rely on their car to get to work or college due to the absence of reliable public transport in many parts of the country, especially rural areas,” Faughnan added. “No-one is arguing for fuel to not be taxed, but instead we need to have a sensible taxation system in place when it comes to petrol or diesel,” Faughnan added.

Source: thejournal.ie

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