Fuel looks set to fall to £1 per litre and Tesco’s gloom continues

The price of a litre of petrol is set to drop to almost £1 in the coming months if oil prices remain low. Finally, there is some movement in the right direction. Kevin Daly, senior economist at Goldman Sachs, estimates that the price of a litre of unleaded petrol could fall to £1.05 over the next few months. The current UK average is £1.20 per litre. As a famous supermarket often tells us ‘every little helps’ – they could do with listening to their own advice in that regard of late. Tesco warns again about lower than expected profit margins. The giants of the shopping run are not towering over anyone these days.