The average cost of both petrol and diesel in Ireland has increased this month, as traffic volumes continue to rise.
According to the AA's latest fuel price study, the cost of a litre of petrol, which had last month fallen to the lowest level recorded by the organisation since March 2016, has increased this month by 4.1c.
On average, a litre of petrol now costs 125.9c – up from last month's average price of 121.8c.
Meanwhile, diesel prices saw a similar increase now costing on average 117.3c per litre compared to last month’s price of 113.9c.
Despite this increase, both fuels remain significantly below prices seen at the start of 2020, when a litre of petrol cost 144.5c, with diesel costing 135.9c on average.
Conor Faughnan, AA Director of Consumer Affairs said it appears the month-on-month drop in petrol and diesel prices which we have seen since February are a thing of the past.
"While crude oil prices have increased slightly over the past month, the big change has been in terms of national and global demand for both fuels. On many major routes across the country, such as the M50, M11 and N7, traffic levels have returned to between 80% and 90% of volumes seen 12 months ago. With similar trends being seen in other countries as lockdown restrictions are eased, the global demand for petrol and diesel has begun to increase with this now reflected at the pumps," he said.