Prices at the pumps to fall, say Irish Petrol Retailers Association

Customers are likely to see even lower prices at fuel pumps in the coming weeks, according to the Irish Petrol Retailers Association.

The IPRA also rejected claims that costs could be cheaper again if retailers trimmed margins, claiming there was “vigorous competition” in the market.

The representative body was responding to claims that, while oil prices have plummeted, not all the savings have been passed on to people at the pumps. Last week, oil prices slumped to their lowest point in 12 years at $32 a barrel.