Petrol price plunges to four-year low

It could be an early Christmas present to drivers but perhaps not for emissions. In December, prices at the petrol pump fell below £1.20 per litre for the first time […]

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By ELN reporter

It could be an early Christmas present to drivers but perhaps not for emissions.

In December, prices at the petrol pump fell below £1.20 per litre for the first time in four years, according to figures from the Department of Energy and Climate Change.

The last time they were this level was the end of 2010. It’s prompted by plunging global oil prices at below $60 a barrel.

British supermarkets scrambled to get the better of rivals with price cuts.

Yesterday Asda was the latest to start a price war, capping its national prices at 110.7ppl for unleaded, a 2p cut, while diesel is held at 117.7ppl, a 1p cut across its 245 filling stations.