Petrol now costs an average of 154.5 cent per litre, down 2.9 cent since June. The fall in price for diesel was even greater as it now costs on average 144.4 cent per litre, a drop of 3.6 cent.
Fuel prices have continued to fall since March of this year. In the last four months, petrol has fallen by 7.6 cent per litre and diesel by 10.7 cent.
However, filling up in Ireland is still extremely expensive. Tax plays a huge part in the cost of fuel here; the service station owners don't reap much of the rewards for increased prices as most of what you're paying is in tax.
Irish drivers pay out through a combination of excise duties, including carbon tax and VAT as over 57 percent of the price of both diesel and petrol is tax.
AA Ireland say "Ireland is an island nation and we need road-transport for business. The current policy of super-high taxes on fuels hits Irish businesses as well as ordinary motorists. It is in effect an anti-stimulus measure that increases transportation and business costs across the board.
The drop in fuel prices may be short-lived as oil prices have begun to creep up again and political problems in the Middle East may make that situation worse.
