Petrol prices close to record high – despite tax reduction

• petrol is 26.5% more expensive than in 2021

• diesel is 37.5% more expensive than in 2021

Petrol and diesel prices are once again rising across Ireland, according to the latest fuel prices survey from AA Ireland.

Despite a reduction in duties on fuel, the average price of diesel is 194.6, and of petrol is 191.9 cent per litre. Some premium diesel products are more than €2 per litre.

In March, Minster Pascal Donohue announced a temporary reduction in the excise duties on petrol and diesel.

Excise was reduced by 20 cent per litre on petrol and 15 cent per litre on diesel.

Most of the reductions have been wiped out due to increasing oil prices.

Paddy Comyn, head of communications at AA Ireland, said the cost of running a car is now significantly higher than last year.

“At the current petrol price, it costs, on average almost €2,000 per year just to fuel a diesel car, €530 more than last year and €2,300 to fuel a petrol car, €480 per year more than last year.

“Recent reductions to the cost of public transport are welcome and should be availed of by those that can, but there remain many people without a proper alternative to their cars.”

* Prices correct as of Tuesday May 24

* Figures are based on the average 17,000km per year (CPCC figures), a 50-litre fuel tank and a travel range of 700km per tank for a petrol car and 850km per tank for a diesel car.