The supermarket Morrisons have slashed the price of unleaded petrol to 99p per litre – which is the lowest in the UK since 2009.
The supermarket hope to keep the price at 99p or below for ‘as long as possible’ with Ryan Burger, the petrol director at Morrisons, saying “today, 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.”
The price of Brent crude has fallen below 40 US Dollars per barrel in the first time in nearly 7 years – making the price reduction possible.
Asda are also dropping the price of their unleaded petrol to 99.7p for three days (11th – 13th December).