Boost for drivers as petrol and diesel prices fall, while ESB announces cuts to EV charging costs
Petrol and diesel prices at the pumps fell this month, giving a small boost to motorists.
A drop in crude-oil prices and delays in delivering interest rate cuts in the US have contributed to lower demand for crude.
This has led to petrol prices falling 4c at the pumps this month to €1.79 a litre compared with the previous month.
Diesel prices are down 5c on the month to €1.71 a litre, according to AA Ireland’s monthly fuel price survey.
It comes as energy company ESB announced a planned price decrease across its public electric vehicle (EV) charging network from today.
This will see unit rates for high-power (200kW) chargers reduce by 13pc.
Drivers of petrol and diesel cars have seen pump prices fluctuate this year due to unplanned refinery outages in Europe and strikes on Russian refineries.
Tensions in the Middle East and attacks on oil container ships have also led to volatility in prices.
Crude-oil prices have fallen recently and are now hovering around $83 (€77) per barrel this month. Brent crude hit a low of $77.52 a barrel earlier this month, but it remains off its $90 peaks in mid-April.
Drivers of petrol and diesel cars have seen pump prices fluctuate this year due to unplanned refinery outages in Europe and strikes on Russian refineries.
Tensions in the Middle East and attacks on oil container ships have also led to volatility in prices.
Crude-oil prices have fallen recently and are now hovering around $83 (€77) per barrel this month. Brent crude hit a low of $77.52 a barrel earlier this month, but it remains off its $90 peaks in mid-April.
Following several delays to plans to reverse excise duty cuts, it was decided that it would be reimplemented on a phased basis.
There were two increases in June and September last year and a third increase in April this year.
AA Ireland said electric-vehicle owners can expect to pay an average of €946 a year to cover the national average of 17,000km a year.
The AA figures were put together before ESB Ecars said it was cutting its prices for its public charging network for EVs.
Fast charger rates are coming down by 12pc and standard chargers reduce by 8pc.
This will mean the pay-as-you-go unit rate for a standard charger goes from €0.563 per kilowatt hour to €0.52.
Contactless payments will also be available on high-power chargers from the end of this week.
The existing once-off overstay fee of €8 has been replaced by an incremental fee in an attempt to encourage drivers to free up charge points for other drivers when they have finished charging, ESB Ecars said.
ESB’s most recent customer survey found that 76pc of respondents support the overstay fee.
The new overstay fee structure is 50c per minute and kicks in after 45 minutes on high-power fast chargers and after 10 hours on standard chargers.
ESB said it has installed 42 multi-vehicle, high-power charging hubs nationwide over the last two years and replaced over 300 chargers to increase the speed and capacity of the charging network.
Reporting on:independent.ie