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<p>The crude oil price is currently around $60 per barrel having fallen around 45
per cent since their peak in June last year.</p><p> </p><p> </p><p> </p><p>The fall
in crude oil prices are being passed through in lower prices at petrol pumps. The
average price of petrol has fallen by 15.3 per cent from its peak of 131 pence per
litre in July last year to 111 pence per litre. Average diesel prices have fallen
by 14.5 per cent from their peak last year.</p><p> </p><p> </p><p> </p><p>The government
has made very clear that it will watch industry to ensure that savings from the fall
in oil prices are being passed through to consumers.</p><p> </p>
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