๐๐ ๐๐ฟ๐ฒ๐น๐ฎ๐ป๐ฑ ๐๐๐ฒ๐น ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฆ๐๐ฟ๐๐ฒ๐ ๐๐ต๐ผ๐๐ ๐ฎ๐ป๐ฑ ๐บ๐ผ๐ป๐๐ต๐น๐ ๐ฑ๐ฟ๐ผ๐ฝ ๐ณ๐ผ๐ฟ ๐ฃ๐ฒ๐๐ฟ๐ผ๐น, ๐๐ถ๐ฒ๐๐ฒ๐น
Petrol, Diesel both fall 3c per litre month-on-month.,Crude oil drops to circa $80 per barrel, Electric Vehicle charging costs fall slightly.
Our latest monthly Fuel Price Survey has shown another slight drop in Petrol and Diesel prices over the last month. Petrol is down from โฌ1.83 per litre in October to โฌ1.80. Diesel has also fallen by 3c per litre, from โฌ1.84 to โฌ1.81 in November.
Blake Boland, Head of Communications for the AA Ireland said that โthis is the second month in a row that fuel prices have dropped. Having seen dramatic rises in fuel prices from lows of โฌ1.47 for Diesel in May, motorists will be relieved to see prices coming down slightly again in November. There was a worry that we would see the โฌ2.00 per litre mark being hit this year. Thankfully, this has not materialised and looks unlikely to happen.โ
The government delayed the Excise Duty restorations that were due last month until well into 2024. In addition, the price of crude oil eased from highs of $94 per barrel in September to $78 per barrel in the middle of November. It currently sits at $81 per barrel. The addition of nearly 3c per litre due to the increased Carbon Tax in the last budget prevented prices dropping even further.
You can save 3c per litre off Petrol and Diesel at participating Circle K forecourts. Just click on the link here to download the AA app. Just open the app and swipe your code at the counter to get your 3c off!
Blake Boland added that โwith continuing unrest in the Middle East, markets remain uneasy and itโs far from certain that prices will remain stable. However, stocks being delivered to forecourts this week suggest that prices will be slightly lower again as we approach the end of November, with many people around the country paying below โฌ1.80 per litre for both Petrol and Diesel.
๐๐น๐ฒ๐ฐ๐๐ฟ๐ถ๐ฐ ๐ฉ๐ฒ๐ต๐ถ๐ฐ๐น๐ฒ ๐ณ๐๐ฒ๐น๐น๐ถ๐ป๐ด ๐ฑ๐ฟ๐ผ๐ฝ๐ ๐๐น๐ถ๐ด๐ต๐๐น๐ ๐ฎ๐ด๐ฎ๐ถ๐ป
The cost of fuelling an Electric Vehicle has dropped slightly again in November. Electricity prices sky-rocketed following the Ukraine invasion. Although they remain quite elevated, October saw a significant price drop. Novemberโs survey shows a smaller, but very welcome reduction.
The average EV driver is now paying โฌ978 per year to fuel their vehicle, down from โฌ1,017 the previous month. This compares favourably with a similarly sized Diesel equivalent that will cost โฌ2,154 to cover the same distance of 17,000km per year.
Mr Boland added that โEV drivers need to be savvy in choosing how they charge up. Those taking advantage of cheap night rates could see their annual fuel bill to cover that 17,000kms being as low as โฌ300 per year. There are significant savings to be made.โ
If youโre buying an EV or need to renew your insurance, why donโt you get a quote from us here? We have dedicated EV insurance to give you peace of mind.
