Fuel prices drop to pre-Ukraine invasion low but set to rise from June

A file photo of a petrol pump.

Fuel prices are at their lowest price since the invasion of Ukraine by Russia — but are set to rise by around 20c per litre by the end of 2023.

Prices for oil, petrol and diesel all skyrocketed at the beginning of 2022 after production fell and sanctions were introduced following Vladimir Putin's invasion.