The latest AA Ireland Fuel Price Survey shows a second monthly drop for petrol and diesel prices with both dropping by three cent in November.
Petrol is down from €1.83 a litre in October to €1.80, while diesel has also fallen from €1.84 to stand at €1.81 in November.
Blake Boland, Head of Communications for the AA Ireland, said that after seeing dramatic rises in fuel prices from lows of €1.47 for Diesel in May, motorists will be relieved to see prices coming down slightly again in November.
"There was a worry that we would see the €2 per litre mark being hit this year. Thankfully, this has not materialised and looks unlikely to happen," he added.
The Government delayed the Excise Duty restorations that were due last month until well into 2024.
Blake Boland also said that the price of crude oil eased from highs of $94 per barrel in September to $78 per barrel in the middle of November. It currently sits at $81 per barrel.
But he added that the addition of nearly 3 cent per litre due to the increased Carbon Tax in the last budget prevented prices dropping even further.
Meanwhile, the cost of fuelling an electric vehicle also dropped slightly again in November.
The average EV driver is now paying €978 a year to fuel their vehicle, down from €1,017 in October.
AA said this compares with a similarly sized diesel equivalent that will cost €2,154 to cover the same distance of 17,000 km per year.
