A SUPERMARKET has slashed its fuel prices.
At Morrisons, petrol has been cut by 12p per litre and diesel has seen a reduction of 8p per litre.
The supermarket described the move as “the biggest fuel price reduction in recent times”.
Oil prices have plunged in the past few weeks since Covid-19 took hold across Europe.
They were also heavily dented when Saudi Arabia, which produces around 10% of the world's oil, decided to slash prices and ramp up production in a trade war with Russia.
The price of a barrel of Brent crude oil, the most used measure, has fallen by around 60% since the beginning of the year.
It slipped another 5.7% to 25.53 US dollars per barrel on Monday.
Latest Government figures show the average price for a litre of fuel at UK forecourts on March 16 was 120.3p for petrol and 124.4p for diesel.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel