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Petrol price of £1 a litre comes one step closer as big four supermarkets cut prices

The good news for drivers just keeps on rolling. Britain's so-called "big four" supermarkets have announced a 2p cut to the price of petrol, with Tesco's reduction coming into effective immediately.

The rest, which include Asda, Morrisons and Sainsbury's, will cut their prices tomorrow. The reductions bring the prospect of £1 per litre petrol tantalisingly close, with Asda promising motorists a price of no more than 105.7p for a litre of petrol. Asda has slashed its fuel prices 14 times since September.
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