A Bridlington supermarket has cut the cost of petrol to under £1 a litre.
Morrisons has petrol priced at 99.9ppl saying they hope to keep retain it for “as long as possible”
Bryan Burger, petrol retail director at Morrisons, said: “Today, for the first time in more than six years, we are moving unleaded prices down to below £1-a-litre.
“This is a moment where motorists will feel some relief after being clobbered by tax and price rises for the last decade.”
He claimed the average car driver will now save £17 a week since the petrol price peak of May 2011.
The retailer said it would keep the low price for as long as possible but added “it remains subject to changes in oil markets and foreign exchange movements”.
Elsewhere in Yorkshire, Asda have also cut the price of fuel to 99ppl and say the price of diesel will also be cut to 103.7p per litre,
The price per barrel of Brent crude dipped below 40 dollars earlier this week and the average price of diesel is already at a six-year low, dropping to 109.18p last Friday.
The AA said the temporary fall will bring Asda’s petrol price below the £1 mark familiar to drivers on the continent and across the Irish Sea.
The latest figures show the price of unleaded at 83.4p in Spain and 93.2p in Ireland at the current exchange rate, while Spanish drivers pay just 74.57p for their diesel and Irish motorists 86.05p.
RAC Fuel Watch spokesman Simon Williams said: “Another promotional cut to enable motorists to buy petrol at under £1 will no doubt bring early Christmas cheer to many, but we would like to see this price being held for longer than three days with oil under 40 US dollars a barrel and the wholesale price of unleaded down.
“As we have said this week, we believe that petrol for £1 or under will be a common sight in the run-up to Christmas.”