Fuel prices suffer biggest weekly fall since records began due to coronavirus

FUEL prices have seen their biggest weekly fall since current records began, figures show.

The average cost of a litre of petrol was £1.12 on Monday, compared with £1.20 seven days earlier.

Diesel fell from £1.23 to £1.19. Petrol is now less than £1 on some forecourts.

It is the largest weekly drop in cash and percentage terms for both fuels in records which date back to June 2003.

The last time petrol was cheaper was October 2016, while diesel is at its lowest since August 2017.

The fall has been driven by oil prices plunging due to Covid-19 and Saudi Arabia’s trade war with Russia.

This has heavily impacted Saudi Arabia which produces approximately 10 per cent of the world's oil.

AA fuel price spokesman Luke Bosdet said: "Pump prices are beginning to reflect the plunge in costs but there is much further for them to fall

"Lower pump prices are not an excuse for people with cars to break the lockdown and drive unnecessary journeys.

"But they do offer some welcome news to lift drivers' spirits."

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