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Petrol price cut: Morrisons and Asda reduce unleaded to below £1 a litre, the lowest since 2009 Petrol price cut: Morrisons and Asda reduce unleaded to below £1 a litre, the lowest since 2009
(about 4 hours later)
Supermarket chains Morrisons and Asda have cut the price of unleaded petrol to below £1 a litre, the lowest since 2009.Supermarket chains Morrisons and Asda have cut the price of unleaded petrol to below £1 a litre, the lowest since 2009.
Morrisons says it will be selling unleaded petrol at 99.9p per litre for as long as possible, and has also reduced the price of diesel by 1p a litre.Morrisons says it will be selling unleaded petrol at 99.9p per litre for as long as possible, and has also reduced the price of diesel by 1p a litre.
Asda's unleaded price will stay at 99.7p for three days, with the chain also selling diesel for 103.7p per litre.Asda's unleaded price will stay at 99.7p for three days, with the chain also selling diesel for 103.7p per litre.
With the price of oil continuing to plummet, other supermarkets are expected to follow suit.With the price of oil continuing to plummet, other supermarkets are expected to follow suit.
Morrisons petrol retail director Bryan Burger told the BBC: "Today, for the first time in more than six years, we are moving unleaded prices down to below £1 a litre.Morrisons petrol retail director Bryan Burger told the BBC: "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.”"This is a moment where motorists will feel some relief after being clobbered by tax and price rises for the last decade.”
Morrisons confirmed that the price will stay at 99.9p “for as long as possible”, but it is subject to change depending on the price of oil.Morrisons confirmed that the price will stay at 99.9p “for as long as possible”, but it is subject to change depending on the price of oil.
A butcher holds up cuts of meat to be sold during the annual Christmas Eve auction at Smithfield Market in central London
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An employee sorts deliveries at Royal Mail's Mount Pleasant Mail Center in London. This week is expected to be the busiest of the year for Royal Mail as they deal with deliveries in the run up to Christmas.An employee sorts deliveries at Royal Mail's Mount Pleasant Mail Center in London. This week is expected to be the busiest of the year for Royal Mail as they deal with deliveries in the run up to Christmas.
London buses pass under Christmas lights on Oxford Street in central London, on the final shopping Sunday before Christmas.London buses pass under Christmas lights on Oxford Street in central London, on the final shopping Sunday before Christmas.
AFPAFP
A supporter wears a t-shirt featuring the face of Chelsea's former Portuguese manager Jose Mourinho before the English Premier League football match between Chelsea and Sunderland at Stamford BridgeA supporter wears a t-shirt featuring the face of Chelsea's former Portuguese manager Jose Mourinho before the English Premier League football match between Chelsea and Sunderland at Stamford Bridge
AFP/GettyAFP/Getty
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Demonstrators wave a Syrian flag during a Stop The War Coalition protest as protesters march along Whitehall in LondonDemonstrators wave a Syrian flag during a Stop The War Coalition protest as protesters march along Whitehall in London
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Asda have also announced they will reduce the price of their diesel and unleaded to petrol to 99.7p a litre, however the price will only run over this weekend as a limited offer.Asda have also announced they will reduce the price of their diesel and unleaded to petrol to 99.7p a litre, however the price will only run over this weekend as a limited offer.
The news of these reductions comes after the RAC correctly predicted the price of petrol to fall below £1 a litre. The news of these reductions comes after the RAC correctly predicted the price of petrol to fall below £1 a litre. 
With Brent crude oil, which accounts for two thirds of the global market, falling below $40 a barrel for the first time since 2009.With Brent crude oil, which accounts for two thirds of the global market, falling below $40 a barrel for the first time since 2009.
Brent #Oil breaches $40/bbl for 1st time since Feb2009 on expectations that producers will continue pumping crude. pic.twitter.com/k88Ij2TSpVBrent #Oil breaches $40/bbl for 1st time since Feb2009 on expectations that producers will continue pumping crude. pic.twitter.com/k88Ij2TSpV
The RAC predicted this fall in price could take 3p and 5p off the price of petrol and diesel respectively.The RAC predicted this fall in price could take 3p and 5p off the price of petrol and diesel respectively.
A price fall which will make petrol £9 cheaper for the average family when compared to last year, and £11 cheaper for diesel. A price fall which will make petrol £9 cheaper for the average family when compared to last year, and £11 cheaper for diesel.