Tesco, Sainsburys, Morrisons and Asda cut petrol prices

 

Four leading supermarkets all announced a cut in their petrol and diesel prices today ahead of the bank holiday weekend.

Morrisons led the way by cutting the price of its petrol by up to 2p a litre and diesel by 1p a litre, with the reductions taking effect from 3pm today.

Sainsbury's then announced it would be cutting its petrol and diesel prices by up to 2p a litre from tomorrow.

Then Asda and Tesco made announcements. Asda said that from tomorrow morning drivers filling up at any of its 217 forecourts nationwide would pay no more than 129.7p a litre for petrol and 134.7p a litre for diesel.

Tesco said that from this afternoon it would be reducing its petrol and diesel prices at its 497 forecourts by up to 2p a litre.

AA public affairs head Paul Watters said: "Today's supermarket price war comes on the back of yesterday's 40-dollars-a-tonne fall in petrol wholesale prices across Europe - equivalent, with VAT, to a 2.5p-a-litre fall at the pump.

"However, just as one swallow doesn't make a summer, two days of commodity price falls doesn't signal the end of drivers' pump misery.

"If this trend continues, that would be a good start to the summer season but no-one should under-estimate the market's ability to send prices shooting up again, often just on pure speculation."

Mr Watters said that yesterday the average UK price of petrol fell to 134.77p a litre and diesel to 139.24p. This compared with start-of-the-year prices of around 132p for petrol and 140p for diesel.

He added: "However, in parts of London, non-supermarket petrol can be bought for as little as 129p a litre. Even so, the fact that petrol this time three years ago was 121.42p puts current fuel costs in stark contrast."

RAC technical director David Bizley said: "With thousands taking to the roads for this first bank holiday weekend of the summer, it's great to see the supermarket fuel price-cutting trend of recent weeks continuing.

"It only seems fair that motorists should benefit from the reduction in wholesale fuel prices."

AA public affairs head Paul Watters said: "Today's supermarket price war comes on the back of yesterday's 40-dollars-a-tonne fall in petrol wholesale prices across Europe - equivalent, with VAT, to a 2.5p-a-litre fall at the pump.

"However, just as one swallow doesn't make a summer, two days of commodity price falls doesn't signal the end of drivers' pump misery.

"If this trend continues, that would be a good start to the summer season but no one should underestimate the market's ability to send prices shooting up again, often just on pure speculation."

Mr Watters said that yesterday, the average UK price of petrol fell to 134.77p a litre and diesel to 139.24p. This compared with start-of-the-year prices of around 132p for petrol and 140p for diesel.

Mr Watters added: "However, in parts of London, non-supermarket petrol can be bought for as little as 129p a litre. Even so, the fact that petrol this time three years ago was 121.42p puts current fuel costs in stark contrast."

RAC technical director David Bizley said: "With thousands taking to the roads for this first bank holiday weekend of the summer, it's great to see the supermarket fuel price-cutting trend of recent weeks continuing.

"It only seems fair that motorists should benefit from the reduction in wholesale fuel prices."

PA

News
More than 90 years of car history are coming to an end with the abolition of the paper car-tax disc
newsThis and other facts you never knew about the paper circle - completely obsolete today
News
people'I’d rather have Fred and Rose West quote my characters on childcare'
Life and Style
The new Windows 10 Start Menu
tech
Arts and Entertainment
There has been a boom in ticket sales for female comics, according to an industry survey
comedyFirst national survey reveals Britain’s comedic tastes
PROMOTED VIDEO
Travel
Bruce Chatwin's novel 'On the Black Hill' was set at The Vision Farm
travelOne of the finest one-day walks you could hope for - in Britain
Sport
footballManchester City 1 Roma 1: Result leaves Premier League champions in danger of not progressing
Arts and Entertainment
Gay and OK: a scene from 'Pride'
filmsUS film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
News
i100
Life and Style
Magic roundabouts: the gyratory system that has excited enthusiasts in Swindon
motoringJust who are the Roundabout Appreciation Society?
Arts and Entertainment
Hilary North's 'How My Life Has Changed', 2001
booksWell it was good enough for Ancient Egyptians and Picasso...
News
ebooksAn unforgettable anthology of contemporary reportage
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Trainee Recruitment Consultant - Birmingham - Real Staffing

£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...

Trust Accountant - Kent

NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...

Graduate Recruitment Consultant - 2013/14 Grads - No Exp Needed

£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...

Law Costs

Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...

Day In a Page

Ebola outbreak: The children orphaned by the virus – then rejected by surviving relatives over fear of infection

The children orphaned by Ebola...

... then rejected by surviving relatives over fear of infection
Pride: Are censors pandering to homophobia?

Are censors pandering to homophobia?

US film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
The magic of roundabouts

Lords of the rings

Just who are the Roundabout Appreciation Society?
Why do we like making lists?

Notes to self: Why do we like making lists?

Well it was good enough for Ancient Egyptians and Picasso...
Hong Kong protests: A good time to open a new restaurant?

A good time to open a new restaurant in Hong Kong?

As pro-democracy demonstrators hold firm, chef Rowley Leigh, who's in the city to open a new restaurant, says you couldn't hope to meet a nicer bunch
Paris Fashion Week: Karl Lagerfeld leads a feminist riot on 'Boulevard Chanel'

Paris Fashion Week

Lagerfeld leads a feminist riot on 'Boulevard Chanel'
Bruce Chatwin's Wales: One of the finest one-day walks in Britain

Simon Calder discovers Bruce Chatwin's Wales

One of the finest one-day walks you could hope for - in Britain
10 best children's nightwear

10 best children's nightwear

Make sure the kids stay cosy on cooler autumn nights in this selection of pjs, onesies and nighties
Manchester City vs Roma: Five things we learnt from City’s draw at the Etihad

Manchester City vs Roma

Five things we learnt from City’s Champions League draw at the Etihad
Martin Hardy: Mike Ashley must act now and end the Alan Pardew reign

Trouble on the Tyne

Ashley must act now and end Pardew's reign at Newcastle, says Martin Hardy
Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?