This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/5366726.stm

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Fuel price dips below 90p a litre Fuel price dips below 90p a litre
(about 5 hours later)
The average price of unleaded petrol in the UK has sunk below 90 pence a litre for the first time in six months.The average price of unleaded petrol in the UK has sunk below 90 pence a litre for the first time in six months.
According to figures from research group Catalist, a litre of unleaded has fallen to 89.9p, while a litre of diesel now averages 94.69p.According to figures from research group Catalist, a litre of unleaded has fallen to 89.9p, while a litre of diesel now averages 94.69p.
The news follows the latest round of price cuts by supermarkets which were sparked by falls in crude oil prices.The news follows the latest round of price cuts by supermarkets which were sparked by falls in crude oil prices.
Crude is now around the $61-a-barrel mark, about 20% cheaper than it was in July, after supply fears eased.Crude is now around the $61-a-barrel mark, about 20% cheaper than it was in July, after supply fears eased.
News of rising US stockpiles prompted prices to slip briefly below the $60-a-barrel level on Wednesday.News of rising US stockpiles prompted prices to slip briefly below the $60-a-barrel level on Wednesday.
Falling pricesFalling prices
Prices have also been steadily falling over the past few weeks as the ceasefire between Israel and Hezbollah has held and the end of the US holiday season has reduced demand for gasoline.Prices have also been steadily falling over the past few weeks as the ceasefire between Israel and Hezbollah has held and the end of the US holiday season has reduced demand for gasoline.
Asda sparked the latest round of supermarket price cutsAsda sparked the latest round of supermarket price cuts
In July, crude hit record highs above $78 a barrel triggering petrol price increases in the UK and US.In July, crude hit record highs above $78 a barrel triggering petrol price increases in the UK and US.
However, supermarket giants Asda, Tesco and Sainsbury's have since embarked on a series of price cuts.However, supermarket giants Asda, Tesco and Sainsbury's have since embarked on a series of price cuts.
Earlier this week Asda dropped the price of a litre of unleaded to 85.9p and diesel to 91.9p, just days after cutting prices to their lowest level since January.Earlier this week Asda dropped the price of a litre of unleaded to 85.9p and diesel to 91.9p, just days after cutting prices to their lowest level since January.
Tesco followed suit with price cuts across the country, as did rival Sainsbury's. Tesco followed suit with price cuts across the country, while Sainsbury's cut prices by 1p to 89.6p for unleaded and 91.9p for diesel on Saturday.
Confirmation that more gas has been found in the North Sea has also eased concerns about energy prices.Confirmation that more gas has been found in the North Sea has also eased concerns about energy prices.
On Tuesday, Germany's E.On said drilling completed this week had resulted in test flows of over 10m cubic feet a day of gas.On Tuesday, Germany's E.On said drilling completed this week had resulted in test flows of over 10m cubic feet a day of gas.