Sharp fall in crude oil boosts hopes for lower pump prices

The price of Brent crude has slid from $92.30 a barrel last month to $83.20 on Tuesday

AA Ireland's head of communications Blake Boland points out that around half of the price consumers pay for fuel at the forecourts is for taxes and duties. Stock picture

Crude oil prices have fallen sharply in recent weeks despite the Israeli-Hamas war of the past month, which may hasten fall in Irish fuel costs and energy inflation.

However, motorists may not see a corresponding drop in oil prices at the pumps for some time, according to AA Ireland, whose head of communications Blake Boland said: