DERRY motorists will see more money in their pockets over the next few weeks as falling oil prices and a strong sterling sees diesel prices drop below £1 per litre.
Motorists filling up across the Border in Co Donegal are already seeing huge savings.
Businesses in Muff, Bridgend and Lifford have been booming as petrol and diesel sales have steadily increased in recent weeks.
And with diesel now already at €1.29, the exchange rate at €1.26 for the £1, prices are just a few pence above the pound.
But experts believe prices could fall even further – to 99p a litre north of the Border….and 85p a litre south of the border.
Simon Williams from RAC said: “The cost of going to visit family and friends this Christmas will be the cheapest it’s been for nearly five years, but the prospect of petrol going below £1 a litre in 2015 is incredible, particularly when prices at the beginning of 2014 seemed to be heading ever upwards.
“Current forecasts are for average petrol prices to fall to below 110p a litre in the next fortnight and diesel to drop to under 116p.
“At these average prices across the country the cheapest retailers will almost certainly be selling petrol for around 105p a litre, or even lower.”
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