Both red and white diesel prices have recorded a notable decrease across NI over the past week.
The reduction comes amid a sharp fall in global crude oil prices, with Brent crude oil, the international benchmark, dropping by more than $14 a barrel over the past week, a fall of around 13.5%.
An Irish Farmers Journal survey conducted on Tuesday found red diesel quotes to be averaging 103p/litre ex VAT, down from 115.98p/litre one week earlier.
The 13p/litre reduction represents a saving of almost £260 on a 2,000-litre order. Prices are at their lowest point since early October.
White diesel prices have also eased, with quotes indicating an NI average of 189.3p/litre, compared with 191.1p/litre in the previous week. This marks the lowest prices recorded since mid-September.
Despite the reductions, prices continue to vary considerably between suppliers, so farmers should shop around for the most competitive quotes.
