At midnight on Wednesday, petrol prices will drop significantly.

The cost of 95 octane unleaded petrol (E10) will fall by 4.6 cents to cost a maximum of €1.203 per litre.

98 octane unleaded petrol (E5) will also become 4.6 cents cheaper at a maximum price of €1.268 per litre.

Finally, the cost of two-stroke mix will fall by the same amount, costing €1.791 per litre.