Petrol prices slashed at supermarkets!

[Coxy]

July 22 2008
Supermarkets launch fuel price war

Supermarkets have launched a petrol price war, with three of Britain's biggest chains cutting the cost of unleaded and diesel by up to 5p a litre.

Supermarket chain Asda announced it would cut the cost of unleaded and diesel by 3p a litre, and Morrisons swiftly followed suit by cutting the price of unleaded and diesel by 4p a litre.

Sainsbury's said it was cutting petrol by 5p a litre from Thursday for customers who spent £50 or more in stores. The promotion will run for two weeks.

Asda and Morrisons said they were responding to the recent drop in the price of oil. The price of a barrel of oil dropped from a peak of 147 dollars to 130 dollars in recent weeks.

Asda said all 170 of its petrol forecourts across the country would sell unleaded petrol for 113.9p a litre and diesel for 128.9p a litre from Tuesday morning.

Asda trading director David Miles said: "We are seeing a more stable reduction in oil prices, allowing us to pass on the savings to customers. We urge other retailers to follow our lead at a time when customers need as much help as possible."

Morrisons later said it would cut the cost of unleaded and diesel by 4p a litre at all of its 285 forecourts across the UK, a move that came into effect at 6pm on Monday.

Morrisons group store operations director Mark Gunter said: "The cost of crude oil and refined product has fallen in the last few days and we are ensuring our customers reap the benefit by passing on the saving quickly, for cheaper prices at the pumps."

A spokeswoman for Sainsbury's said: "From Thursday our customers can reap an even bigger reward because we are running a 5p off per litre promotion when they spend £50 or more in-store plus they will also earn Nectar points."

AA president Edmund King said: "Asda's petrol price drop is excellent news for UK motorists and we urge other fuel retailers to reduce their prices - and not only where they find themselves neighbouring an Asda petrol station."

[amanda]

About time and shame it isn't more

[20vcqdriver]

It has always annoyed how as soon as a barrel of crude jumps up it pushes the pump price up almost immediately, yet when it drops it stays high for weeks with the excuse " it takes time for the savings to reach the pumps". Robbing double standard ********. Almost as bad as the robbing government.

[Coxy]

Originally Posted by 20vcqdriver

It has always annoyed how as soon as a barrel of crude jumps up it pushes the pump price up almost immediately, yet when it drops it stays high for weeks with the excuse " it takes time for the savings to reach the pumps". Robbing double standard ********. Almost as bad as the robbing government.

totally agree with you there. They always say they have to increase the prices straight away when the price of a barrel goes up as they need to pay for the new stock, so I guess when the prices go down, all they are doing is lining their pockets for the next few weeks until the new prices reach the pumps.

[Booty]

The trouble is supermarket fuel is shite anyway ( bar Tesco 99 RON) it just never seems to last. Give me Shell anyday of the week.

[joe90]

I do anywhere up to a thousand miles a week with my average diesel bill of around £150 plus a week so any reduction is welcome, i found i get better mpg from bp and esso makes the old transit go like a rocket . Found the saving in pence per litre from morrisons ect to be false economy. Been told of bio diesel at 98p a litre so i am going to try that a see what happens.

[SteveCat]

5p?

Thanks!

If youre gonna slash,slash proper bitch!!

[quattrokid]

3p 4p or 5p ISNT EXACTLY "SLASHING" ANYTHING!!

IS IT????!!!

73% IS TAX howabout slashing the % level then?

thieving bar stewards!!

[pimpdriver]

and they often have the "spend £50 and get 5p a litre off" so it isn't exactly new news is it???

R Soles. The lot of 'em

[quattrokid]

European fuel prices fluctuate with the cost of oil... HOWEVER British fuel prices is attached to a one way ratchet so hardly EVER drops if at all.

I wish I was in Venezuela because its 60p a GALLON there