The Coronavirus is causing petrol and diesel prices to drop in Ireland

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The news follows on from significant increases in the costs of fuels here

Demand for oil in China has taken a major hit since the outbreak, with the cost of a barrel of Brent Crude Oil falling from just under $65 to $56.

"We often hear the theory that fuel prices are quick to increase when crude oil costs go up but slow to come down when oil prices dip, but in the many, many years that the AA has been monitoring fuel prices in Ireland we have never seen any evidence of this trend across the board.” Video Loading Video Unavailable Click to play Tap to play The video will start in8Cancel Play now With the drop of fuel prices in recent days, motorists are being urged to be active in comparing the prices of service stations in their area.

"Many of us form a habit of going to the same service station every time we need to fill our tank and never take a second to check that station is providing a competitive price on fuel.

 

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