![\"Petrol](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/08\/715d3178-c2ef-4c3d-a632-d37ec2a57d8e.jpg\")
<\/p>\nIt comes as the country moves into the back-to-school season which sees many children driven to school.<\/p>\n
Unleaded petrol now averages \u20ac1.70 per litre, down from \u20ac1.73 in July.<\/p>\n
And this month diesel averages \u20ac1.68 per litre, down from \u20ac1.69 in July.<\/p>\n
EV charging at-home costs remain steady, according to the latest AA Ireland monthly fuel survey.<\/p>\n
The fall in fuel prices comes at a time of other rising costs for motorists. Insurance premiums have been rising for two years now and there was a hike in toll costs this year.<\/p>\n
Families are also grappling with surging food prices and energy costs going up.<\/p>\n
Fuel prices are falling due to crude oil costs staying low. This is due to strong production from the both OPEC+ and non-OPEC countries.<\/p>\n
This is coming at a time when there is weak global demand for crude oil due to sluggish economic growth in China, and a fear of a slowdown in the US.<\/p>\n
OPEC+ recently announced that it will fully unwind its 2.2 million barrels per day of voluntary production cuts by September 2025, a full year earlier than planned.<\/p>\n
Brent crude was trading at $63.88 yesterday, down from \u20ac78.71 in January.<\/p>\n
<\/p>\n
Petrol prices are down slightly. Photo: Joe Giddens\/PA<\/p>\n
Today’s News in 90 Seconds – Thursday, August 28<\/p>\n
The weakening of the dollar this year has also helped to keep forecourt fuel costs down. This is because crude is priced in dollars. A weaker dollar helps to make crude imports to this country cheaper.<\/p>\n
AA Ireland said this was translating into a continued easing in petrol costs, offering a welcome break for motorists as summer as we head into back-to-school season.<\/p>\n
Diesel prices have also reduced slightly.<\/p>\n
The motoring organisation said that ESB electric vehicle public charging rates rose in July, but the cost of charging an EV at home has remained unchanged this month.<\/p>\n
EV charging on-the-go costs with ESB e-cars remain at \u20ac0.66\/kWh for high-powered chargers, following July\u2019s increase.<\/p>\n
Those prices will likely rise again in October, AA Ireland said.<\/p>\n
Currently, public EV charging enjoys a reduced 9pc VAT rate, but this is set to return to the standard 13.5pc VAT rate on October 31 this year.<\/p>\n
\u201cAugust has brought some modest relief at the pumps, with both petrol and diesel recording a small decrease compared to July,\u201d an AA Ireland spokesperson said.<\/p>\n
\u201cWhile these reductions may seem minor, they help ease the cost burden for households and drivers travelling during the end of summer holiday period.\u201d<\/p>\n
The spokesperson said stability in EV charging costs this month is also welcome news for those who made the switch to electric, although the recent on-the-go price adjustments still highlight the importance of planning longer journeys carefully.<\/p>\n
AA Ireland reminded motorists that efficient driving habits can play an important role in keeping fuel bills down.<\/p>\n
More than half of the price of a litre of petrol and of diesel at forecourts is made up of Exchequer taxes and levies.<\/p>\n
Industry group Fuels for Ireland has called for an expert group to be set up by the \u00adGovernment to review the taxation on fuels ahead of the Budget.<\/p>\n
It was revealed to the D\u00e1il that the Exchequer is now taking around \u20ac4bn a year from taxes and levies on motor fuel and energy products.<\/p>\n
Around \u20ac1bn of that is carbon tax, which has doubled in the last five years.<\/p>\n","protected":false},"excerpt":{"rendered":"It comes as the country moves into the back-to-school season which sees many children driven to school. Unleaded…\n","protected":false},"author":2,"featured_media":28840,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,2107,18,19,17,2108],"class_list":{"0":"post-28839","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-charlie-weston","10":"tag-eire","11":"tag-ie","12":"tag-ireland","13":"tag-money-experts"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/28839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=28839"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/28839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/28840"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=28839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=28839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=28839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}