Petrol prices get welcome chop

Asda, Sainsbury’s, Morrisons and Tesco have each reduced the price of their forecourt petrol. Asda moved first. The Wal-Mart-owned behemoth took 2p of a litre of fuel prompting Sainsbury’s to match suit; Asda customers will still pay an incredibly high 133.7p a litre and 137.7p for diesel.

Morrisons subsequently upped the ante by taking 3p off each litre of petrol and 1p off diesel. A Morrisons spokesperson confirmed:

“Further falls in wholesale prices mean we can pass savings on to customers and continue to offer some of the lowest prices on the market.”

Tesco were the slowest to react, cantering into the race by taking 2p off petrol.

Edmund King, president of the AA, said:

“We predicted these cuts last week, with oil down to its lowest level in a month and the pound gaining on the dollar after its recent fall. This is perhaps another glimmer of sunlight for drivers after a hard, wet, pot-holed and expensive winter of driving.”

RAC’s David Bizley added:

“Certainly, these price cuts will be widely welcomed by UK motorists and it is encouraging to see that the drop in the wholesale price of fuel is being passed on. Nonetheless, it is easy to underestimate the impact that the UK’s high fuel prices are having on us as individuals. Our research has shown that almost half of motorists would avoid promotion or a new job that involves more driving, and a quarter believe prices negatively affect their working life. We will continue to campaign for greater price transparency.”

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