Oil prices at three-month low but fuel body warns prices will rise when excise cuts end

Oil prices in Ireland have reached a three-month low, offering some relief to consumers, but Fuels for Ireland cautions that this respite may be short-lived. The fuel body warns that when government-imposed excise cuts expire next month, fuel prices are likely to surge unless a new strategy is implemented to stabilize costs. This development underscores the fragile nature of current fuel price stability and highlights the need for proactive measures to prevent a potential price spike.