UK petrol prices hit four-year low

The average UK price of petrol has dropped below £1.20 a litre - its lowest level since December 2010, according to government figures.

Oil has fallen from about $115 (£72) per barrel in June to about $65 per barrel, a decline of almost a half.

By comparison, petrol prices in the UK have fallen from a high of about 131.11p per litre in the summer to 119.83p - a decline of about 9%.

Industry correspondent John Moyland reports.

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