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NEWS: Petrol prices could fall by a further two pence, AA claims

Date: 24/03/2014 15:49:07
Category: Fuel Efficiency
Author: Laura Varley

The price of petrol has dropped to a three-year low, but the Automobile Association (AA) claims recent cuts in wholesale prices means the cost per litre could fall another two pence.

According to bbc.co.uk, the AA reveals the average cost of petrol is now 129.46p a litre; a dramatic decline compared to a year ago, when prices stood at 138.42p. Diesel is at its lowest prices seen in two years, costing just 136.59p a litre.

AA president Edmund King says thanks to the bad weather drivers have been able to save fuel by not driving anywhere. "However, official figures on inflation-hit earnings reveal a more persistent dark cloud hanging over the ability of UK drivers to use their cars," he explains, reports thisismoney.co.uk.

"This is clearly making business difficult for fuel retailers too. The AA welcomes supermarkets' competitive attempts to revive the affordability of driving, both through a fairer approach to fuel vouchers and pricing between towns."

The AA also shows which areas are the cheapest and most expensive from which to purchase fuel. Residents in Yorkshire and the Humber have the best petrol prices, whereas drivers in Northern Ireland are paying the most for their fuel. However, the average price is still below 130p a litre in NI.

London and the West Midlands are the cheapest areas from which to purchase diesel, as it costs just 136.3p a litre on average. Scottish drivers can expect to pay a whole penny more per litre in comparison.

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