Asda and Morrisons drop price of petrol to under a quid
A couple of days ago, we told you that petrol prices would be dropping to under a quid a litre, and now it is truly a thing.
Asda and Morrisons have cut the cost of fuel to under £1 for a litre, with Asda falling by 2p to 99.7p, and Morrisons dropping theirs to 99.9p. Asda are doing it as a three day deal, while Morrisons is going to keep this price for 'as long as possible'.
This means that all the supermarkets are going to feel very competitive about all this, and start dropping their prices too. Just in time for Christmas, which is nice.
This is all because the price of a barrel of Brent crude has dropped dramatically, going below $40 earlier in the week.
RAC Fuel Watch spokesman Simon Williams says: "Another promotional cut to enable motorists to buy petrol at under £1 will no doubt bring early Christmas cheer to many, but we would like to see this price being held for longer than three days with oil under 40 US dollars a barrel and the wholesale price of unleaded down."
"As we have said this week, we believe that petrol for £1 or under will be a common sight in the run-up to Christmas."