UK supermarkets cut petrol prices as crude oil cost slides

RAC predicts petrol could soon be sold for 1 a litre after Asda, Sainsbury's and Tesco slash price of unleaded fuel by 2p

Supermarkets in Britain have slashed their petrol prices as the cost of crude oil continued to slide.

Asda, Sainsbury's and Tesco all announced on Friday a cut in the price of unleaded fuel by 2p, leading to predictions that motorists could soon be buying petrol on the forecourt for 1 a litre.