Fed up of splashing out on petrol? You’ll like this news then

Complaining about the price of petrol is something of a national pastime in Ireland and finally, there is some good news to report for motorists in this country.

Having seen the price of fuel fall by four cent per litre in the last month, petrol and diesel prices are set to plummet – perhaps an over dramatic word in the circumstances – by a further five to ten cent per litre in the next few weeks.

As a result, motorists will be looking at paying approximately 157 cent per litre of petrol and 148 cent per litre of diesel in July, down from 166 cent and 158 cent respectively in May and 163 cent and 154 cent in June. Not an awful lot maybe, but every little helps, particularly in the current economic climate.

The reason behind the drop in fuel prices is the drop in price of Brent crude oil, the dictator of European fuel prices, from an average of $106 per litre in March to a current price of around $80.

A slowdown in global manufacturing and seasonal factors are said to have contributed to the drop in price, but we’re certainly not going to complain.

Our only complaint about the drop in the price is that we’ll have little to complain about for a while, until things return to normal and we’re paying over the odds once again, of course.

Guess we’ll just have to stick with the weather for the next few weeks.