The average price of petrol and diesel both fell slightly at the pumps in the last month, according to the latest survey of prices from AA Ireland.

Petrol now costs an average of 162.0 cent per litre, down 0.1 cent since March. Diesel fell more sharply, down 2.7 cent to an average of 153.8.

“We’re still on a rollercoaster with fuel prices but at least at the moment they are trending downwards,” says Director of Consumer Affairs Conor Faughnan. “We have seen fresh falls in prices at the pumps over the last few days and we would be optimistic of a further slight fall.”

“I would not get too excited though. We are only expecting prices to fall by maybe 2 cents. Better than a move the other way but prices are still hovering around at a very high level.”

Oil and other commodities have fallen sharply on world markets in the last week or so and the Euro has also strengthened somewhat against the US dollar. These are good omens but at the same time European wholesale prices have been fairly steady.