Coleraine petrol prices predicted to fall below £1 per litre

File photo dated 15/08/13 of a petrol pump, as petrol firms and supermarkets will be pressed by the Government to pass on the benefit of falling oil prices to customers filling up at the pumps. PRESS ASSOCIATION Photo. Issue date: Thursday November 6, 2014. Treasury Chief Secretary Danny Alexander will demand an assurance from fuel companies and distributors that they are doing all they can to pass on the price cuts to motorists. See PA story POLITICS Fuel. Photo credit should read: Nick Ansell/PA Wire
File photo dated 15/08/13 of a petrol pump, as petrol firms and supermarkets will be pressed by the Government to pass on the benefit of falling oil prices to customers filling up at the pumps. PRESS ASSOCIATION Photo. Issue date: Thursday November 6, 2014. Treasury Chief Secretary Danny Alexander will demand an assurance from fuel companies and distributors that they are doing all they can to pass on the price cuts to motorists. See PA story POLITICS Fuel. Photo credit should read: Nick Ansell/PA Wire

Motoring organisation the RAC is predicting that petrol prices will fall below £1 a litre in the new year.

If fuel prices fall below the £1 barrier in January it will be the first time in nearly six years they have been that low.

In recent months the price of crude oil has plummeted, leading to a gradual fall in prices at the pumps.

Currently, the average price for unleaded at supermarket pumps is £1.14 per litre, with diesel at £1.20 per litre.

Do YOU think we are paying a fair price for petrol at the pumps? Send us your views to news@colerainetimes.co.uk