The news over the last few months has reported a fall in the price of crude oil and, as a consequence, a drop in fuel prices is expected as well. This might benefit consumers and companies whose business depends exclusively or completely on driving; bearing in mind that any fall in the cost of fuel does not only depend on oil prices but also on the pricing policies of petrol companies and upon government taxation.
But the good news, at least for Irish consumers, is that a petrol price hike isn’t anticipated any time soon.
This infographic displays fuel prices in Europe for August 2014: according to the AA’s (Automobile Association’s) sources, petrol was 1.57 €/litre, while diesel was 1.47 €/litre, at that time.
You can also view statistics, from various sources, on other motoring costs, car sales statistics per fuel type, and the market share for diesel and hybrid vehicles in the European Union:
The AA also stated, in the month of October 2014, that petrol prices in Ireland had slightly decreased: petrol was priced at 1.54 €/litre, while diesel was 1.45 €/litre.
The journal.ie reported, last Saturday, that the cheapest fuel prices to be found in Ireland, last week, were at the Gala filling station, Ballina, County Mayo, which was selling petrol for €1.29 per litre.
