Supermarket fuel price war

Supermarket chain Morrisons was among the first of the UK's 'Big Four' to announce that it was to reduce the cost of both petrol and diesel earlier in the week.

It slashed 2p from the price of a litre of diesel and dropped a penny from a litre of petrol as it passed on savings resulting in a drop in price of oil and a jump in value of the pound to customers.