Petrol prices dipping in Europe, may cool inflation


PARIS, Aug 19 (Reuters) - Signs of a significant retreat in retail petrol prices are emerging in Europe after a fallback in world oil prices from mid-July records, a development that could help bring inflation down towards central bank target ceilings. Britain's Automobile Association says average petrol prices at supermarket fuel stations dropped to 113.15 pence a litre by mid-August from 119.51. Figures published on Aug. 18 by France's oil industry federation (UFIP) showed a similar ...

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