article_snippet: The collapse in the cost of oil and petrol in the past year by around 50 per cent has had a dramatic impact on living standards - with Prime Minister David Cameron saying The collapse in the cost of oil and petrol in the past year by around 50 per cent has given families an extra £20 per week - while a supermarket price war has delivered savings on food.
article_snippet: Hannah Maundrell,  editor in chief of advice website money.co.uk, said:
article_snippet: ‘Whilst we can’t ignore the fact that some of our living costs are going down, such as food and mortgage rates, others are still going up.
article_snippet: Regardless of the economic terminology, consumers still need to save money wherever consumers can to accommodate rising costs in some areas of consumers finances.
highlights_snippet: Collapse in oil prices has led PM to claim families have an extra £20 a week .
  