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Drivers boosted by fuel price cut

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Motorists are set to take advantage of the fall in the cost of fuel after petrol dipped below the £1 a litre mark for the first time this year.

Travellers have been further boosted by the news that major airlines British Airways and Virgin Atlantic have cut fuel surcharges.

The long-awaited cut at the pumps came after oil giant BP and supermarket chains Asda and Morrisons all cut the price of a litre of unleaded petrol to 99.9p, with BP saying the new price would apply "at a number" of its outlets.

Diesel customers also had some good news as Asda also reduced the cost of diesel from £116.9p a litre to 110.9p, while Morrisons also made a cut to 111.9p, the same price as a litre of BP diesel.

Sainsbury's is also expected to cut fuel prices amid the supermarket battle for customers.

This is the first time since last autumn that petrol has been under £1 in the UK, after unleaded petrol broke the 120p a litre price and diesel cost over 130p during the worst of this year's price rises.

The price of oil on world markets fell from a high of around $147 a barrel earlier this year to a 14-month low of around $75.

© The Press Association 2008