A survey from the AA shows that the average price of fuel dropped by an average of about 10% in December.
The average price of a litre of petrol is now €1.60 per litre, a 17 cent or 9.8% drop since last month and the lowest average price for petrol since September 2021.
The average price for a litre of diesel is now €1.74, a decrease of 22 cents per litre or 11.3% compared to November.
It also marks the lowest price recorded in Ireland for diesel since February of this year, the same month that the war began in Ukraine.
The AA Ireland’s Head of Communications, Paddy Comyn, said there was no firm indication as to how long these prices would last but they gave consumers some slight respite against ever-increasing prices.
The AA calculates a diesel car will travel, on average, around 850km on a tank compared to 700km in petrol.
This is why even though diesel is more expensive, the consumer is still likely to use less of it for the same average 17,000km a year.