Major retailers have promised to cut petrol prices across the UK. In response to Morrisons announcing that it would cut petrol by 3p per litre, competitors including Shell, Asda, BP and Esso, plan to do the same.

The petrol price drop means that the national average will now stands at 107.7p for unleaded and 119.2p for diesel. This news will come as welcome relief for many as, although the price of oil has been declining, this price drop has yet to be passed on to the average consumer.

Asda’s trading director Darren Blackhurst said “We are calling on other retailers to follow our lead and give drivers a fair deal at the pumps.”