British motorists – get ready for an early Christmas present, because reports suggest that supermarkets and petrol stations across the country are going to slash their gas prices to just £1 per litre in time for Xmas.
This is according to the RAC, anyway, who expect the new lower price of crude oil (earlier this week, it fell below $40 per barrel for this first time since 2009) to encourage retailers to drop their petrol prices by 3p per litre and diesel by 5p per litre.
This would take average prices to around 103p for petrol and 104p for diesel, but experts expect that to be even lower at many forecourts across the UK.
Adsa will tomorrow cut price of fuel by 2ppl -says drivers will pay no more than 101.7ppl unleaded 104.7ppl on diesel
— Chris Choi (@Chrisitv) December 8, 2015
RAC spokesman Simon Williams said:
We expect Britain’s supermarkets and cheapest fuel retailers to be selling petrol at £1 a litre or less in time for Christmas. These retailers consistently tend to be 3p-5p a litre cheaper than the UK average price. We are still some way off the average price of unleaded reaching the £1-a-litre mark, but this will be a big step in the right direction.
On the back of the announcement, Tesco and Asda announced today they’ve slashed petrol and diesel prices by 2p a litre, while Sainsbury’s said it would cut its prices by “up to 2p”.
What a time to be alive. Enjoy it while it lasts, everyone!