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The average price of petrol at UK filling stations has fallen below 145p per litre for the first time in 18 months, according to the RAC.
The motoring organisation said the price dropped to 144.95p on 14 May - its lowest price since 3 November 2021.
Diesel also dipped below 155p per litre by hitting 154.31p, the lowest average seen since 28 February last year.
Petrol prices have fallen by 47p per litre since peaking in July last year, while diesel prices have come down by 45p from their all-time high last June.
RAC spokesman Simon Williams said: "Seeing the price of unleaded fall back under 145p a litre for the first time in 18 months is good news for the country's 19m petrol car drivers. This means it's now nearly £26 cheaper to fill up a family-sized petrol car this summer compared to last year when a litre hit the record price of 191.5p.
"While it's good news diesel has also dropped below 155p a litre for this first time since the end of February last year, drivers of the UK's 12m diesel cars and countless businesses who rely it to fuel their vehicles, should be paying 20p a litre less as its wholesale price is now 4p lower than petrol's. This is being demonstrated very powerfully by one independent retailer in Shropshire who is currently charging 131.9p - more than 22p below the UK average. We hope this finally embarrasses the country's biggest retailers to cut their pump prices significantly.
"As petrol is down 47p a litre since early July last year, it is now only a few pence a litre above the long-standing record high of 142.48p which was set in April 2012 and only surpassed in late October 2021. And if diesel were being priced fairly by major retailers it would actually be well under its long-standing 2012 high of 147.93p.
"With the delivered wholesale prices of both petrol and diesel at 110p and 105p respectively, drivers should be paying no more than 142p and 137p, and that's factoring in an above-average 10p-a-litre retailer margin."
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