Cost of fuel now lower than in Q1 2013

The SIMI DoneDeal National Motoring Survey announced yesterday, compiled by economist Jim Power, showed the price of petrol is 5.3 percent lower than in the first quarter of 2013 while the price of diesel is also down by 4.7 percent in the same period.

The Report also showed that motor taxation costs remained the same in the budget while the cost of buying a new car was down by 2.7 percent compared to Q1 in 2013.

However, we're paying more for our motor insurance with premiums going up by 4.4 percent since March 2013.