How to pull value from a table with various columns and vlookup doesn't work for this..

Hello, I am a relatively new excel user and I would be very grateful for some help with this issue. Possibly very simple for expert excel users.
My data is attached.

What I need is for where MM & 1.5 meet, the value that returns from the formula would be 1.25.
I am using a drop down list for the column (Type) and row (Time)... So I would like the corresponding value where these two meet to be pulled into another column.
I have tried vlookup and it returns the value in the first column which doesn't work as I need it to search through the whole table and return the correct corresponding value. Please help in simple language.
Hope this makes sense?
Thanks