Fuel prices close to hitting record monthly highs, despite excise duty cuts

Fuel prices close to hitting record monthly highs, despite excise duty cuts

Overall, the cost of petrol has risen 26.5% over the past year. The cost of diesel has risen 37.5%. Picture: Lewis Whyld/PA Wire

The cost of petrol and diesel in Ireland is close to hitting a record average monthly high, despite the Government's move to cut excise duties on fuel in March.

According to a new survey from AA Ireland, the cost of running an average car in Ireland now around €500 more expensive than it was just last year.

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