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    Paul. The price paid now at the pump may be petrol bought at the £147 level..... Dont forget though that the price is made up of a lot of elements (profit margins, tax, storage and refinement costs and transport costs). So if the raw material price drops 50% it does not mean that the retail price will drop that much as each of the other elements within the price may not have done so. We have seen some reduction in pump prices and hopefully they will continue to fall.

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