Melton petrol prices predicted to fall below £1 per litre

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Motoring organisation the RAC is predicting that petrol prices will fall below £1 a litre in the new year.

If fuel prices fall below the £1 barrier in January it will be the first time in nearly six years they have been that low.

In recent months the price of crude oil has plummeted, leading to a gradual fall in prices at the pumps.

Currently, the average price for unleaded at supermarket pumps is £1.14 per litre, with diesel at £1.20 per litre.

RAC fuel spokesman, Simon Williams, said: “The cost of going to visit family and friends this Christmas will be the cheapest it’s been for nearly five years, but the prospect of petrol going below £1 a litre in the new year is incredible, particularly when prices at the beginning of 2014 seemed to be heading ever upwards.

Motorists can keep abreast of fuel prices by visiting: www.rac.co.uk/advice/fuel-prices-explained

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