Plunging cost of crude and seasonal discounts at supermarkets look set to hand motorists a festive boost, says RAC

The tumbling price of oil and a brutal battle for customers between supermarkets mean British drivers could be paying less than £1 for a litre of fuel by Christmas, handing a boost to consumers for the festive season.

The RAC has predicted that petrol prices will tumble on forecourts across the country and fall below £1 at supermarkets in time for Christmas. This would be the first time since 2009 that petrol has been priced at less than £1 across the country, although Asda ran a promotion on Black Friday last month offering petrol at 99.7p per litre and diesel for 103.7p per litre.

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