A bill seeing a reduction in fuel prices by five cents is due to be submitted to parliament by Diko before Christmas, boosting the decrease seen in the retail price of fuel in November.

The price of 95 octane petrol decreased in November by €0.072 per litre compared to the previous month, with the average price being at €1.247 per litre, the association said.

The price of diesel also fell by €0.048 per litre compared to October, selling for €1.332 per litre.

From November’s reductions in price on the two types of fuel consumers saved a total of €132,628, the Consumers Association said on Monday.

A price decrease was also seen in heating oil in November, which fell by €25 per thousand litres compared to October, as its average price on November 1 was €979 per thousand litres, with the price falling to €954 by the end of the month.

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