Yet another petrol price drop at the supermarkets!
Morrisons said that it was making their third petrol price cut in four weeks: "The falling wholesale price of unleaded is allowing us to pass savings on to motorists," says the group’s services director, Jamie Winter.
The price of oil has more than halved since July 2014. Back then, it was over $100 per barrel, while this week, it is selling for somewhere in the region of $48 per barrel. Nice to see some savings being passed on, even if motorists have been over a barrel for years now (pun obviously intended).
Avishai Moor, Sainsbury’s head of fuel, said they were dropping the price of unleaded petrol by up to 2ppl across their 300 forecourts from today. Asda chipped in by saying its "new national price cap means that unlike other retailers who work on ‘average prices’ - drivers will pay no more than 105.7ppl on unleaded whilst diesel remains at a national price cap of 107.7ppl".
So there you have it. Go and stock up. Fill the bath with petrol before they start whacking the prices up again.