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Boost for drivers as petrol set to drop below £1 a litre

Motorists could be in for a festive boost as the cost of petrol is set to dip below £1 a litre in the coming weeks, the RAC has said.

The plunging cost of world oil is responsible for the recent drop, and could see prices at the pumps fall to their lowest level since May 2009.

The RAC says UK drivers could see the benefits of falling fuel prices in the first few months of next year Credit: PA

With Brent crude selling at its lowest level in more than five years - and is set to keep on dropping - the RAC says UK drivers could see the benefits in the first few months of next year, with prices dropping to under 110.9p a litre in the next fortnight alone.

The average price of a litre of petrol is down to 116.9p - almost 14p a litre cheaper than at the start of the year.

And diesel is almost 16p a litre cheaper, down to 122.33p.