Prices at the petrol pump are on course to fall below 160p a litre thanks to plummeting wholesale rates, just weeks after hitting a record high, according to the AA.
One forecourt in Belfast has already reached the benchmark, the AA said, with the rest of the UK set to follow suit in the coming weeks.
Wholesale costs have fallen 30p from their June peak, which the motor group said should be passed on to consumers as quickly as possible to save families hundreds of pounds.
Petrol currently averages 175.2p a litre and is due to fall below 175p by the weekend – the first time this has happened since the Platinum Jubilee in early June.
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