The price of Brent crude oil has fallen, further taking it to a new six-year low.
The price of a barrel of the North Sea benchmark dropped by 5% to $47.77, its lowest level since April 2009.
US crude oil was also at its lowest level since that time, down by 4.4% to $46.20 a barrel.
The cost of petrol in the UK is being cut in response to the fall, with Asda cutting its forecourt price by a further 2p a litre to 103.7p.
Diesel will be 110.7p. Both prices are well above the 99p that one Birmingham fuel station is selling petrol for.
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