As oil prices continue to tumble and a supermarket price war helps lower the cost at the pumps still further, experts are predicting the cost of a litre of fuel could soon drop below £1.

All four big supermarkets have announced that further fuel price cuts will take effect this week.

Asda, Morrisons and Sainsbury’s reduced their petrol and diesel by 2p a litre from Tuesday, January 6, while Tesco’s similar 2p-a-litre cut took place a day earlier on Monday, January 5.

 

The reductions mean Asda customers will pay no more than 105.7p a litre for petrol, with diesel being 112.7p a litre.

For Morrisons and Sainsbury’s it is the seventh cut since the beginning of December.

It follows the recent halving of the oil price, with Brent Crude now costing less than $55 a barrel compared to $115 six months ago.

Let us know where have you found the cheapest fuel in the area and we will add it to our map.