Fuel prices fall in January offering some relief to motorists

There will be fuel discounts on Circle K filling stations across County Roscommon this afternoon. Picture: iStock

The latest monthly fuel price survey from the AA shows a small reduction in fuel prices in January of approximately 4c per litre in both petrol and diesel.

• Diesel: €1.69 per litre in January (down from €1.73 in December on average).
• Petrol: €1.70 per litre in January (down from €1.74 in December on average).

The AA said EV charging costs, which they also track, remain unchanged.

“After several months of relative stability, January has brought a modest reduction in fuel prices for motorists," an AA Ireland spokesperson said.

"While the decreases are not dramatic, any easing at the pumps is welcome, particularly at a time of year when many households are managing post-Christmas financial pressures. Fuel prices do, however, remain high by historical standards.”

The price of unleaded petrol, tracked by the Central Statistics Office, reached €1.76 in December. In the same month in 2015, the price was €1.30 per litre.

In December 2015, the price of diesel was €1.19 and has risen over the past decade to €1.75.