Despite a slight fall in crude oil prices averaging around $72 per barrel, petrol and diesel prices have risen due to retailer pricing discrepancies across forecourts.
AA Ireland's head of marketing, Jennifer Kilduff, expressed disappointment over rising petrol and diesel prices, especially in light of declining crude prices, indicating an ongoing volatility in fuel costs.
The strengthening dollar against the euro is expected to increase the costs of petrol and diesel, as all motor fuel is imported and priced in dollars, with the euro currently at yearly lows.
There is optimism for electric vehicle owners with electricity price cuts implemented from November 1, providing cost relief amidst rising traditional fuel prices.
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