Petrol prices could fall by as much as 17p a litre to £1.06 as a result of the crash in the price of crude oil. That's after an argument between oil-producing countries this weekend saw the price of oil drop $15-a-barrel as Russia and Saudi Arabia failed to agree on how much they should be bringing to the market.
RAC fuel spokesman Simon Williams told Mirror Money: “This is looking like the biggest single daily drop in the oil price in 20 years.
It should translate to some serious cuts at the pumps, particularly as the price of both petrol and diesel is still overpriced despite two rounds of cuts from the supermarkets last month." Just how much you could save is a matter for debate though.
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