A new survey shows a mixed picture for motorists in June, with diesel prices continuing to fall while petrol prices saw a small increase.
AA Ireland’s latest fuel price analysis said that despite the reduction in diesel costs, fuel prices remain elevated compared to levels seen earlier this year as they continue to be influenced by global market conditions.
Diesel prices fell to an average of €1.88 a litre in June, down nine cents from May’s average of €1.97 a litre.
But petrol prices increased slightly to an average of €1.84 a litre, up two cents from May’s average of €1.82 a litre.
Meanwhile, electric vehicle charging rates remain broadly stable compared to May.
An AA Ireland spokesperson said that diesel motorists will welcome another reduction in fuel costs this month, with prices continuing to move away from the highs experienced earlier in the year.
But it added that the slight increase in petrol prices serves as a reminder that fuel markets remain unpredictable and can move in different directions within a short period.
“While recent trends have provided some relief for drivers, fuel prices remain vulnerable to global market developments. Factors such as oil production, geopolitical events and currency fluctuations continue to influence prices at the pump and motorists should remain mindful that further changes are possible in the months ahead,” the spokesperson said.
AA Ireland noted that fuel prices continue to be influenced by global market conditions, including international oil supply, geopolitical uncertainty and fluctuations in currency markets.
While diesel prices softened further in June, volatility remains a feature of global energy markets and could impact prices in the coming weeks, it added.