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Lowest petrol price for 5 years

Motorists are being urged to enjoy the biggest fall in petrol prices since before the credit crunch as a further dip is unlikely, according to the AA. The average price has fallen by 5.49p per litre, the biggest drop since 2008.

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AA: Petrol price drop a 'dramatic improvement'

The drop in petrol prices is a "dramatic improvement" for squeezed families and the timing "could not be better", according to the head of AA.

However, Edmund King urged the Government to secure the future of British oil refineries, as their closure would have a knock on effect for consumers.

A more than £2.50-a-tank cut in petrol costs for families is a dramatic improvement on its own. But, heading into winter with cars using more fuel, the timing couldn't be better.

The bigger picture, with the future of refineries in the British Isles under threat, is more worrying and the AA urges the Government to find ways to support them. Last year's bitter experience of speculator-inflated pump prices, fuelled by refinery closures, should be warning enough - even before considering the loss of UK manufacturing jobs.

– AA president Edmund King

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