Diesel price falls to its lowest in five years

Emma Haslett
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Petrol and diesel prices have both fallen in recent months (Source: Getty)

Good news if you're planning a getaway this weekend: the price of diesel has fallen to its lowest in five years, after oil prices continued their inexorable slide yesterday.

Figures by Experian Catalist showed prices fell to 112.48p per litre today, its lowest since January 2010. Meanwhile, the price of petrol has dipped to 115.24p per litre, its lowest in three months.

Diesel prices fell below petrol at the end of July - there's now an average of 2.59p per litre between them, Calalist said.

Yesterday Brent crude remained below $50, closing at $49.29 per barrel, while WTI crude, the US benchmark, fell 3.2 per cent to a six-year low of $41.92 per barrel.

Avatrade chief market analyst Naeem Aslam suggested this morning that WTI crude could "easily touch the 40 dollar this week".

"If we break the 40 dollar mark, the sell-off could become even worse, but then at the same time it will be a great opportunity to bag some bargains."

Particularly if you're filling up your car, it turns out...

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