Supermarket offers petrol for under a pound per litre

You may have noticed that the prices in the supermarket forecourts have been becoming cheaper, but now Morrisons has broken through the almost mythical barrier, selling petrol for under £1 per litre.
Petrol stations are another area in which supermarkets try to out-do each other, and in the run up to Christmas, any store which has even a slight edge on the others is sure to benefit.
Morrisons, which has suffered huge losses and made large property sacrifices is hoping to keep prices at or below 99.9p for “as long as possible,” although the store “remains subject to changes in oil markets and foreign exchange movements.”
This has been possible because of the falling prices of oil.
Asda have also dropped below the £1 mark, offering a short term drop to 99.7p per litre.
These drops have followed RAC predictions which said that drivers would be paying less than a pound for a litre of petrol by Christmas.
Diesel is also coming down in price.
The petrol retail director of Morrisons said: “for the first time in more than six years, we are moving unleaded prices down to below £1 a litre. This is a moment where motorists will feel some relief after being clobbered by tax and price rises for the last decade.”