Coronavirus: Why is the petrol price nearing £1 a litre?

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The cost of petrol in the UK is approaching £1 a litre for the first time since 2016.

Some filling stations around the country have even been reported offering petrol at less than £1.

But motorists may be hard-pressed to find low deals as prices vary widely.

Why are petrol prices falling?

The key factor affecting petrol is the wholesale oil market.

Oil prices…

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