Pump prices moving 'above and below €2' daily, warns AA Ireland

Diesel prices have risen by 18 cents per litre on average as conflict in the Middle East continues 

Petrol prices also rose but at a slower pace, increasing by an average of 8 cents per litre to €1.81 in March.

Diesel drivers are feeling a nearly 20 cent increase at the pumps this month, with new figures from AA Ireland showing fuel prices remain closely linked to global oil markets and the recent escalation of conflict in the Middle East. 

Figures released on Friday show that diesel prices rose significantly in March to an average of €1.90 per litre, up 18 cents from €1.72 in the previous month. 

Petrol prices also rose but at a slower pace, increasing by an average of 8 cents per litre to €1.81 in March.

AA Ireland added that its members are now seeing pump prices fluctuating above and below €2 per litre on a daily basis.

Meanwhile, home and pay-as-you-go public charging prices for EV's remained unchanged in the month. 

Speaking on the recent price hikes, a spokesperson for AA Ireland said: "While petrol prices have also risen, diesel drivers will feel the biggest impact at the pumps.

AA Ireland noted that pump prices remain closely linked to fluctuations in global oil markets, geopolitical events such as the recent escalation of conflict in the Middle East, and currency exchange rates. 

"As a result, prices can change quickly and may vary significantly depending on location and fuel retailer," it added.

“With fuel prices climbing again this month, it’s more important than ever for motorists to shop around where possible,” the AA spokesperson added. 

“We’ve heard from our members that prices at the pumps are moving above and below €2.00 per litre on a daily basis. Even a difference of a few cents per litre can add up over time.”

As fuel prices continue to fluctuate, hauliers will receive relief on fuel excise duties and an enhanced diesel rebate scheme under plans to be announced by the Government next week.

The Irish Road Haulage Association (IRHA) met with transport minister Darragh O’Brien on Thursday morning, with promises made at the meeting that “substantial supports” for the industry would be announced after next Tuesday’s Cabinet meeting.