Petrol and diesel prices dipped in May following a prolonged period of stability, according to the latest AA Ireland Fuel Price Survey.
Petrol prices dropped by 4 cents per litre down to an average of €1.76 per litre, while diesel saw a more significant drop of 9 cents per litre falling to an average of €1.68 per litre.
Electric Vehicle (EV) running costs remain unchanged for a third consecutive month.
The drop in fuel prices this month is likely due to a combination of slightly reduced global oil prices, improved supply conditions, and stronger euro performance against the US dollar, which helps lower import costs for fuel in Ireland.
“It’s good to see some easing at the pumps for petrol and diesel drivers, who’ve been paying more in recent months,” said a spokesperson at AA Ireland.
“These kinds of savings, even just a few cents, can add up quickly – especially for those with longer commutes or larger vehicles.”
The company also encourages drivers to compare prices locally and consider ways to cut fuel costs.
“If you shop around – especially in border counties – you’ll often find cheaper rates than the national average”.
It said EV owners continue to benefit from consistent, manageable running costs, especially those taking advantage of night-rate electricity plans and home charging.
