Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Fuel nears £1-a-litre as supermarkets cut prices for Christmas

Published 09 December 2015

Fuel prices are on course to drop below £1-a-litre in time for Christmas, after three of Britain's largest supermarkets slashed 2p off a litre of petrol and diesel. 

Asda, Tesco and Sainsbury's will pass on the forecourt cuts on 9 December - bringing the average cost of unleaded down to 101p and diesel to 104p. However, experts predict more reductions are on the way as retailers pass on the fall in the wholesale cost of oil to motorists. 

"With the price of wholesale unleaded dropping due to oil falling below $40 the climate is right for £1-a-litre petrol," said RAC Fuel Watch spokesman Simon Williams.

"If retailers don’t pass on the savings quickly, they will be giving themselves an unpopular Christmas boost to profits by pocketing the extra margin when they should really be passing this on to their customers instead," Williams added.

The RAC believes that the average of unleaded will fall by another 3p-per-litre in the next fortnight, while diesel prices are expected to drop by 5p. Sub-£1 fuel prices will be welcomed by families in the run up to Christmas, meaning it will cost £52.94 to fill the tank of a Ford Focus, a saving of around £4 compared to November.  

Want to know how many miles your car will really do to the gallon? Check out Real MPG


Add a comment


Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £9,304.93

Total cost of credit £1,804.93


60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.

CarFinance 247 Limited is acting as an independent credit broker