Gasoline sells for under £ 1 per liter – the lowest has been in the UK for 15 years

The price of a liter of gasoline in Britain has dropped to less than £ 1 a liter for the first time in 15 years with the cost of filling a tank now £ 6 less than a month ago, it was revealed today.

The Murco garage on the A435 near Kings Heath in Birmingham reduced the price of unleaded to 99.7 p – when the same liter of petrol seven weeks ago typically cost between £ 1.25 and £ 1.42 in the UK Kingdom.

Costco wholesaler also reduced the price of gasoline to 99.9 p-liter this week, although this is only available to those who pay an annual subscription fee.

Gasoline prices were the last at that level in Great Britain in August 2005 following Hurricane Katrina causing damage to oil and refinery operations in the Gulf of Mexico and the southern states of the United States.

Coronavirus and the price war between the Russians and Saudi Arabia saw the price of a barrel of oil drop a surprising 60% from the new year to an 18-year low of $ 24.52.

An employer in the Murco garage told Birmingham Live that the price of gasoline had fallen below £ 1 per liter on Tuesday, and said it will likely remain at least as low for a while.

He said: “The pandemic is affecting business because the number of people going out is limited.”

UK's first £ 1-liter fuel: this Murco refueling station on the A435 near Kings Heath in Birmingham reduced the price of lead-free to 99.7 p / liter on Tuesday

UK’s first £ 1-liter fuel: this Murco refueling station on the A435 near Kings Heath in Birmingham reduced the price of lead-free to 99.7 p / liter on Tuesday

The price of gasoline at Birmingham's Murco station was around 19 p-liter cheaper than the UK average and at its lowest level for about 15 years

The price of gasoline at Birmingham’s Murco station was around 19 p-liter cheaper than the UK average and at its lowest level for about 15 years

FTSE 100 opens 3% of 169 out of 5,519 points after two days of earnings

The FTSE 100 crashed this morning after two days of earnings as investors gave a mixed reaction to US senators who eventually passed a large stimulus package to fight the coronavirus.

The leading British companies index fell 169 points or from 3% to 5,519 shortly after opening in London today.

At around 11, it declined slightly by less than 88 points or from 1.54 percent to 5,600.

Meanwhile, the pound rose slightly against the dollar by 0.24 percent or 0.0029 to $ 1.1912 this morning.

The unprecedented $ 2 trillion (£ 1.7 trillion) plan in America had been delayed by discussions of the details, but the falls in Britain reflect another progress on Wall Street that was canceled yesterday.

Today, the future of the S&P 500 has dropped 1.1 percent, while the future of Dow Jones has lost 0.8 percent. Yesterday, the Dow rose 2.4 percent and the S&P 1.2 percent.

It comes after four republican senators emerged who let themselves go to the generous provisions agreed in the bipartisan agreement with the White House.

It arrived a few days after two of the major British supermarkets cut petrol prices by a record 12 p / liter in a single day as the global coronavirus crisis bites.

Both Morrison and Asda cut their lead-free fuel by 12 p liter and diesel by 8 p – down to around £ 1.04 for gasoline, 1.11 p for diesel.

The pieces on the forecourts nationwide have been at a minimum for years. However, although the reduction looks like good news, it only comes after the petrol stations have been attacked for not transferring their wholesale savings to motorists.

The price of a barrel of oil has dropped a surprising 60% since the new year, in part due to an international oil price war between Saudi Arabia and Russia, but largely because the spread of Covid-19 has led to a huge reduction in industrial and other activities globally.

The introduction of extensive controls on the movement of people, even now in Britain, has also led to a sharp drop in consumer demand for gasoline. With fewer people going to work, the streets and parking lots are visibly much more empty.

Concerns were also raised about the risk of virus transmission in the use of petrol pumps, which can be removed by wearing gloves and washing hands.

RAC fuel spokesman Simon Williams said in response to the Morrison and Asda cuts: “These unprecedented times are leading to unprecedented fuel price cuts – the biggest single cut from a dealer we’ve ever seen.

“Drivers can expect to see gasoline sold in supermarket yards for around 104 cents per liter following these cuts, a price last seen about four years ago. Diesel is expected to drop to around 111 p per liter.

‘The oil price went down so much – down to a minimum of 18 years – that pump prices were inevitable in the end would follow suit.

“These savings will directly benefit those who continue to rely on their vehicles for essential travel.”

Change in fuel prices in 2008

Change in fuel prices in 2020

The table on the left shows the drop in fuel prices in 2008 during the financial collapse and the chart on the right shows the comparative drop in the last month

Some drivers had feared they would catch coronavirus from petrol pumps, but Public Health England said the pumps “are no worse than other surfaces”. It comes when workers were told that they should stay home amid the coronavirus crisis [File photo]

The Morrisons supermarket chain has cut the price of one liter of gasoline at its filling stations by 12p. This means that motorists will pay only 116 p per liter of gasoline and only 118.5 p per liter of diesel [File photo]

The Morrisons supermarket chain has cut the price of one liter of gasoline at its filling stations by 12p. This means that motorists will pay only 116 p per liter of gasoline and only 118.5 p per liter of diesel [File photo]

But Mr. Williams added cautionary notes to the otherwise good news – stating that a price war has threatened the survival of small independent forecourts, which already suffer from their higher overheads and the collapse of trade due to even a voluntary blockade.

And he reminded motorists that when they refuel cheaply they should remember the new rules, saying, “Follow social distance guidelines and use disposable gloves when handling pumps.”

And AA fuel price spokesman Luke Bosdet said: “Such a huge cut in pump prices is highly valued. It is one of the few bright spots in an otherwise bleak perspective.

“The main advantage of reduced prices is the reduction of delivery costs as online and other companies work hard to keep the goods moving and the consumers supplied.

“However, we urge drivers to think carefully before making unnecessary road trips that could put them in close proximity to other people.”

Announcing Morrison’s price cut yesterday, fuel manager Ashley Myers said, “We are playing our part in reducing the cost of living and fueling the nation. This reduction in fuel prices will help drivers save money in this difficult moment. “

Asda had introduced its identical drop in prices earlier in the day, but a source said it chose to keep the drop silent, to avoid inducing any increase in people around as attempts to stop the spread of the coronavirus continue.

Can I drive, refuel and have my car repaired? We reveal what motorists need to know during the coronavirus block

With strict restrictions in place to prevent people from leaving home and gathering in groups, motorists with scheduled car maintenance may wonder if they can still do work on their vehicles.

MOT tests, maintenance, repairs, refueling and collection of newly purchased engines will be high on the owners’ agenda, especially those considered to be critical workers who rely on their cars.

This is the money that explains what the government has said so far and what services are affected.

Can I still drive my car? Unless you are using the vehicle for one of the approved reasons, drivers are advised not to use their engines during the restrictions for Covid-19.

Can I still drive my car? Unless you are using the vehicle for one of the approved reasons, drivers are advised not to use their engines during the restrictions for Covid-19.

Can I still drive my car?

Yes, you are still allowed to use your car, but the government has recommended that this should only happen for one of the many approved reasons.

This includes shopping for basic necessities, traveling to a place for daily physical activity, attending a medical appointment, assisting an elderly or vulnerable person or reaching or from work if you cannot work from home .

Although there are no measures to close the streets, the Prime Minister has told people not to leave their homes for reasons other than those listed above.

This means that it is not recommended for motorists to take advantage of partially deserted roads just to take a ride on their own. And anyone caught caught by the police while restrictions are in place could be subject to a fine.

What parts of my car should I clean?

With the spread of coronavirus limiting most Brits at home, it has become essential for people to keep their homes scrupulously clean.

However, the same level of attention must also be paid to your car if you intend to use it for inevitable travel needs.

There are multiple surfaces in vehicles that require special attention – 40 in fact, according to Toyota. They are listed below.

40 car areas to watch out for

Toyota has put together the following list of 40 areas of the car that should be cleaned to kill germs.

For simplicity, seat belts are counted as a single object and, if you bring others in your car, you may have to spend a little longer to ensure each of your passengers enjoy a new factory driving the next time they will get in the car.

1. External handles

2. Door and roof frame

3. Internal door opener

4. Window switches

5. Interior door handle

6. Pocket on the door

7. Seat belts

8. Safety belt clip

9. Seat adjustment buttons

10. Steering wheel

11. Horn button

12. Control stems

13. Driver’s air intakes

14. Dashboard

15. Power button

16. Change

17. Multimedia screen

18. Central air intakes

19. Heating controls

20. Glovebox

21. Register

22. Central storage compartment

23. Cup holder

24. Rear view mirror

25. Interior lights

26. Handle

27. Key

28. Headrest

29. Seat pockets

30. Rear central tongue

31. Fuel cap

32. Wheel valves

33. Boot lid

34. Parcel shelf

35. Boot floor card

36. Start close button

37. Bonnet cover

38. Washer plug

39. Level auction

40. Oil plug

Can I have my car's MOT tested during the coronavirus block? The government has confirmed a 6-month exemption for car, motorcycle and van owners since March 30th

Can I have my car’s MOT tested during the coronavirus block? The government has confirmed a 6-month exemption for car, motorcycle and van owners since March 30th

Can I have my MOT car tested?

Owners of cars, vans and motorcycles have received a six-month exemption from MOT tests since March 30, confirmed the Department of Transportation.

He says this will allow drivers and cyclists to continue going to work where this cannot absolutely be done from home or make purchases out of necessity.

This means that if you have an MOT that has expired since March 30, 2020, the next test date will be extended by six months.

This measure will be in effect for the next 12 months, confirmed the DfT.

However, the statement adds that vehicles must be “maintained in a condition suitable for circulation” and those found at the controls of unsafe engines can be prosecuted.

See the instructions below to find out what to check on your car to make sure it is safe to drive.

What drivers need to check to make sure their vehicle is suitable for driving

Whenever you drive you should check:

– the windshield, windows and mirrors are clean

– all lights work

– the brakes are working

The vehicle manual will tell you how often to check:

– motor oil

– water level in the radiator or in the expansion tank

– brake fluid level

– battery

– windscreen and rear window bottles – top up with washer fluid if necessary

– tires: must have the correct tread depth and be free of cuts and defects

The manual will also tell you when the vehicle needs to be repaired.

Tread

The tread must have a certain depth based on the type of vehicle:

cars, vans and light trailers – 1.6mm (mm)

motorcycles, large vehicles and passenger vehicles – 1 mm

Mopeds need only have a visible tread.

There must be the tread across the middle three quarters and around the entire tire.

Source: Gov.uk

Transport Secretary Grant Shapps confirmed that the garages would be open.

“Security is the key, which is why the garages will remain open for essential repair work,” he explained.

The DfT also provided information to those who have not been able to test their vehicle in recent days because they have self-isolated after showing the symptoms of the virus.

He said he is working with insurers and the police to “ensure that people are not unfairly penalized for things beyond their control.”

MOT tests for heavy commercial vehicles, trailers and public service vehicles – such as buses – have also been suspended for three months since March 21.

Vehicles belonging to these groups that are expected to expire in MOT during this period will receive a three-month exemption certificate to allow them to stay on the road provided they are tested as soon as the ban is lifted.

If vehicle maintenance can be avoided during these unprecedented times, it should be. However, the garage can remain open under current driving

If vehicle maintenance can be avoided during these unprecedented times, it should be. However, the garage can remain open under current driving

Can I have my car repaired?

While the government insists that you will still be able to get the car repaired, many franchise dealers have to shut down due to the virus pandemic, which could affect the workforce in their dedicated service centers.

The National Franchised Dealers Association called on the government to ensure that “essential” repair and maintenance services for vehicles are not closed as part of larger store closings to ensure that critical workers drive safe cars that are mechanically valid.

If you are isolating yourself from the virus, the recommendation is not to leave the house, which is causing concerns for those who have new cars with maintenance plans that require their vehicles to be checked against warranty requirements.

If you own a car with a mileage-based “variable maintenance contract”, you don’t have to worry because it won’t earn miles during the self-quarantine period.

That said, if your engine is subject to fixed maintenance intervals determined at specific times, there isn’t much clarity.

Most manufacturers allow a grace period of approximately one month or 1,000 miles to have the car tested before the warranty is voided by a lack of care by the owner.

Motor Ombudsman recommends anyone in this situation to contact the car manufacturer for advice.

With retailers closing this week and unable to facilitate this, chances are you need to call the brand headquarters.

Fixter can collect, MOT or repair your car and release it without you having to interact with other people - and have put in place new measures to clean vehicles once they are handed over to owners

Fixter can collect, MOT or repair your car and release it without you having to interact with other people – and have put in place new measures to clean vehicles once they are handed over to owners

Services to make MOT, repairs and repairs during the pandemic easier and safer

There are numerous services that allow the contactless collection and delivery of vehicles for all maintenance needs.

The comparison site BookMyGarage claims to have seen an increase in the number of garages offering contactless services.

Some offer it for free and all the driver has to do is inform the garage where they left the keys.

The person who picks up the car will also wear protective gloves and use other appropriate protective equipment to collect and return the vehicle.

Contactless delivery and collection are offered to those who need it, including NHS staff, other key workers, as well as those who require service in these unprecedented times.

Fixter, an end-to-end online car maintenance service, confirmed that its business is booming, experiencing the busiest day on Wednesday, March 18.

He said that in the Covid-19 crisis, customers are evaluating the “non-physical contact” repair service, with their cars withdrawn and then serviced or maintained before being returned home.

The company also introduced sanitizing cleaning for cars before they were returned to customers, including cleaning the steering wheel, shift knobs, driving controls and handles.

There are also specialized services offered to those who have yet to work.

For example, Halfords offers a free ten-point check of the car, which is normally worth £ 15, to all workers in the National Health Service during the coronavirus pandemic.

The checks, which include tire inflation refills, screen washing and oil level, headlight and brake lights checks, are intended to help vital NHS workers move around at this critical time.

What about security calls?

A This is Money reader told us that they had been turned away from an appointment for a safety recall on their Toyota Prius due to the dealership closing during the virus outbreak.

The recall is for a seat belt failure.

Toyota said it is setting up a skeleton workshop to treat vehicles in order of importance.

Taxation and insurance of an unaltered vehicle

With the transition of vehicles and excise duties from paper to online in 2014, motorists can renew auto taxes online using the government website.

With MOTs expiring after March 30 which is extended by six months, motorists can use their existing MOT certificate when they tax and insure their car.

Traffic restrictions should also not affect renewals of insurance and recovery policies, which can be placed online.

Can I still fill up on fuel?

Petrol stations remain open for now. And pump prices are falling.

However, under the government directive, it will be primarily critical workers who will be able to take advantage of cheaper petrol and diesel.

This week, Asda and Morrisons have both announced cuts of up to 12 p-liter of gasoline due to the drop in wholesale fuel prices due to the slump in oil prices over the past two weeks.

Motorists are told that they can do “occasional driving” as long as they don’t get out of the vehicle and chat with anyone. This includes providing food and medicine to those who are isolated.

Drivers are advised to wear gloves if they visit a filling station, as petrol pumps, like any other hard surface, operated by other users can spread the virus.

Public Health England says, “Petrol pumps are no worse than other surfaces, although we recommend people to wear gloves and wash their hands after using them.”

The suspension lasts until 20 April 2020 inclusive for driving theory tests and up to three months for driving tests

The suspension lasts until 20 April 2020 inclusive for driving theory tests and up to three months for driving tests

All driving tests have been canceled

All driving tests were canceled for three months.

However, there is currently an exemption for those who have a “critical need”, such as NHS workers and potential delivery drivers.

The suspension lasts until 20 April 2020 inclusive for the theoretical tests and up to three months for the driving tests.

This applies to all types of theoretical tests, driving tests and approved driving instructor standard (ADI) checks.

Transportation Secretary Grant Shapps said, “It is imperative that those who need a test can get one, so DVSA offers tests to those in critical need, such as the National Health Service and drivers who deliver goods all over the world.” UK”.

As of Monday evening, it has been ordered to close car showrooms, which means buyers and collectors of new vehicles will have to wait

As of Monday evening, it has been ordered to close car showrooms, which means that buyers and collectors of new vehicles will have to wait

Buying and collecting new cars will be affected

Many groups of franchise dealers announced on Monday that they would temporarily close the showrooms.

Sytner, Marshall Motor Group, HR Owen, Lookers and Chorley Group have said that they will close dealerships hours in advance of the Prime Minister’s announcement that all non-essential activities – including auto shows – should not be open to trade.

This means that customers can still place car orders over the phone, although the appeal of this is very limited.

In addition, orders already placed cannot be picked up due to the dealership staff being told to stay home.

This is not good news for the industry, with new vehicle registrations reporting another 2.4 percent last year at the lowest production in the past six years. And there were further declines in the first two months of 2020.

Last week, the Pendragon group of auto dealers collapsed to an annual loss of £ 16.4 million over the past year as it struggled to dump “excess” of used cars.

And the owner of the major retailers Evans Halshaw and Stratstone warned that the future prospects seemed even worse than the sales crisis in his rearview mirror.

The BuyaCa online vehicle purchase site has introduced its own contactless passes of new cars for vulnerable people, such as the elderly and those with pre-existing health conditions, as the company looks for ways to help consumers and dealers get through unprecedented times .

The company also says it is in the process of increasing inventory, with rigorous preparation and cleaning processes in place to ensure the safety of customers, who can now buy and even receive a car without leaving home.

It is also giving up the cost of £ 199 for the delivery of new engines to key workers and is offering them a free two year warranty of £ 499.

Used car sales will be affected by government restrictions, but there are services that may still be able to help

Used car sales will be affected by government restrictions, but there are services that may still be able to help

How about buying a second hand car?

Even used car dealers are forced to shut down under government leadership, and with drivers who said not to go out and mingle with the people in their immediate family they don’t live with, there should be very limited private transactions.

This opened the doors to the revolutionary online business, Cazoo, which is experiencing strong demand for its service in the current climate of consumers who live at home and distance themselves from social media.

Cazoo holds its own stock of thousands of used vehicles, similar to an Amazon warehouse, and can be purchased entirely on the website or app.

Fully rebuild each engine before putting it on sale and delivering stocks free of charge to the customer’s doors in a two-hour delivery slot.

Every vehicle sold comes with a seven-day money-back guarantee, so you can return it if you are not satisfied with the car, there is also a free 90-day warranty and roadside assistance.

Deliveries are made at a greater distance in order to protect both customers and employees during the pandemic, he says.

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