June Fuel Prices Drop Highlighted By The AA

In June, petrol prices at the pump fell by 4 cents to an average of €1.79 per litre, while diesel prices decreased by 5 cents to €1.71 per litre. Crude oil prices are down and hovering around $83 per barrel this month. Electric vehicle owners can expect to pay an average of €946 per year to cover the national average of 17,000 km per year.

Jennifer Kilduff, Head of Marketing & PR for the AA, said, “We saw a reduction in fuel prices this month. The early part of the year saw significant volatility in fuel prices mainly due to unplanned refinery outages in Europe and strikes on Russian refineries. Recently, reduced tensions and attacks have led to a softening of prices. Weaker demand in the US has resulted in high fuel stock levels amid increased production, and delays in interest rate cuts by US banks have also contributed to lower international fuel prices."

Kilduff also highlighted, “The second reinstatement of excise duty is still set for August 1st, along with a carbon tax increase in October. We urge the government to reconsider this, as it has a direct impact on pump prices. However, AA customers can save 3c per litre on petrol and diesel and 6c per litre on milesPlus fuel at participating Circle K garages using the AA Ireland App. It is also worth noting that maintaining your vehicle and practicing smart driving can help improve overall fuel efficiency.”