Petrol prices in some areas have fallen under £1 a litre for the first time since December last year.
The supermarket chains Morrisons and Asda announced they would cut prices by 5p, to 99.9p for unleaded and 111.9p diesel as of today.
Meanwhile some non-supermarket petrol stations in the West Midlands were also selling unleaded for under £1 per litre.
Today’s national average cost per litre of 95-RON unleaded was 106.9p, while diesel was at 118.2p.
It’s the first sign that UK forecourts are beginning to respond to falling crude oil prices. Oil prices peaked at just over $140 a barrel in July, with a barrel of Brent Crude valued at $76.54 as this story is filed.
However a spokesperson for the Petrol Retailers Association warned Autocar that fuel prices could rise again near Christmas as demand rises for the holiday season.