Motorists to save money at the pumps over the next 10 days

Irish motorists should start seeing a decrease in the price of petrol over the next ten days, but sadly you're not going to save enough for that holiday in the sun.

Motorists will enjoy a slight decrease at the pumps this week as a dip in the price of oil on the international markets finally makes its way to the forecourts. However, we wouldn’t start thinking up grand plans for how you’re going to spend all that extra cash, as prices are set to drop just 2c per litre.

The average price of petrol at the moment is €1.62 per litre for petrol, so prices will average €1.60, but you may see it cheaper in the more competitive stations - if you're lucky.

So how much is that going to save you in the long run? Well, assuming that petrol prices don’t rise again this year (fat chance) you’ll save a total of €36 for the year – which is roughly half a tank’s worth.

Speaking about the news of a petrol price drop, Conor Faughan of the AA said: "We're still on a rollercoaster with fuel prices but at least at the moment they are trending downwards.

"Better than a move the other way but prices are still hovering around at a very high level."

On a side note, 57 per cent of every euro that you spend on fuel goes straight into the pocket of the government. Just let that sink in over lunch...