Once again, petrol prices have dropped to an average of €1.57 per litre.
The AA’s most recent price monitor indicates that petrol costs, on average, €1.57 per litre, a decrease of more than 1% from April.
To an average of €1.47 per litre, diesel prices decreased by 2.6 percent in the month.
The declines, though, will be temporary.
After being reduced last year, government taxes on fuel are set to increase once more on June 1.
AA Ireland’s head of communications Paddy Comyn said: “Prices continue to shrink across the country in May for both petrol and diesel, but the start of the reintroduction of excise duty will increase petrol by 6 cents per litre and diesel by 5 cents per litre on June 1st, with more to follow.”
He added: “If fuel prices remain the same, these increases will see petrol costs increase by 3.8 per cent and diesel by 3.4 per cent on June 1st. We have known about it for some time, but it will come as another unwelcome increase for motorists after enjoying a period of reasonably stable fuel prices.”