Petrol prices on way down

PETROL prices at the pumps are beginning to fall below 99.99 cents per litre as world oil prices fall.

The Automobile Association's (AA) Conor Faughnan said a lead-in time of close to four weeks usually passes before oil price increases and decreases are passed on to consumers.

Mr Faughnan said their latest petrol price survey should be concluded by the end of the week and they are anticipating an average price of 98.10 cents a litre.