FINALLY some good news for hard-pressed motorists – fuel prices are gradually coming down as the price of a barrel of oil falls.

The average price of a litre of petrol is now 129.9c — down 4c from last month — while diesel has also fallen 4c to an average price of 139.9c.

It’s the cheapest fuel has been since last May, but the falls are far short of the 20pc drop in the price of a barrel of oil since it reached a peak of $147 less than a month ago.

A barrel cost $118 yesterday, the lowest point since May 5, but petrol and diesel have not fallen by the same margin.

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