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HomeFarming NewsWhy are diesel prices higher than petrol?
Catherina Cunnane
Catherina Cunnanehttps://www.thatsfarming.com/
Catherina Cunnane hails from a sixth-generation drystock and specialised pedigree suckler enterprise in Co. Mayo. She currently holds the positions of editor and general manager at That's Farming, having joined the firm during its start-up phase in 2015.
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Why are diesel prices higher than petrol?

Irish motorists driving diesel cars are now forking out up to 20c/L more than those behind the wheel of petrol cars.

That is according to the latest fuel price survey from The Automobile Association (AA Ireland).

According to the association, the average price for petrol across the country remains at €1.84/L.

Meanwhile, diesel is now at €2.02/L, 4% higher than September 2022; it is now at its second-highest monthly average price on record.

It found that petrol is, on average, 11% more expensive than in October 2021.

Meanwhile, diesel is just shy of 30% more expensive than in October 2021.

AA Ireland reports that it is thought that a surplus in petrol production and a deficit in diesel production are accounting for price differences.

The association’s costings show that a motorist with a petrol car will pay €2,210 to fill it, annually, at current fuel prices. This is €219 more than prices in October 2021.

Meanwhile, a motorist with a diesel car will pay €2,020 to fill it, annually at current fuel prices, and that is €126 higher than this month last year.

AA Ireland head of communications, Paddy Comyn, said we have seen “quite a spike” in diesel prices in the last month, even though petrol prices have “remained largely stagnant” over the same period.

“Sales of diesel cars were very much in the majority from 2008 until quite recently.”

“These high fuel prices will be impacting large amounts of motorists nationally, at a time when energy prices are rising across the board.”

“AA calculates a diesel car will travel, on average, around 800km on a tank vs 700km in petrol, which is why even though diesel is more expensive.”

“The consumer is still likely to use less of it for the same average 17,000km per year,” he concluded.

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