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Asda and Morrisons – two of the ‘Big Four’ supermarket retailers – have slashed the price of petrol and diesel at their forecourts by 12p and 8p per litre respectively.
The reductions come in wake of plummeting oil prices, which dropped 26 per cent to an 18-year low last week, with the prices now making their way to consumers. Those reductions at the pump mean drivers should see the cost of unleaded drop to around £1.04 a litre, and diesel to £1.11 a litre at the two supermarkets, saving around £6 on a tank of unleaded, and $4 on a tank of diesel.
And while Morrisons and Asda may be the only retailers to have slashed their prices in-line with falling oil costs, other outlets are unlikely to be far behind.
RAC fuel spokesman Simon Williams called the cuts “unprecedented”, adding: “These savings will directly benefit those people who continue to rely on their vehicles for essential journeys. It is vital however that drivers heed government advice and only travel if it absolutely needed.