Britain’s supermarkets launch a fuel price war.
Supermarkets are cutting the cost of unleaded and diesel by up to 5p a litre. Asda announced it would cut the cost of unleaded and diesel by 3p a litre. This would mean the fuel price on their forecourts across the country would now be £113.9p a litre for unleaded petrol and £128.9 for a litre of diesel.
Sainsbury’s are to follow suit they have decided to cut petrol by 5p a litre from Thursday but this is only for customers who spend £50 or more in the supermarket and the promotion will only be running for two weeks.
Morrison’s have come up with an even better margin by cutting the cost of unleaded and diesel by 4p a litre. Tesco’s have yet to announce any change. A spokesman for Tesco said they would not be entering the petrol price war at this stage.
It seems that the price of a barrel of oil dropping from a peak of 147 dollars to 130 dollars recently is the reason for the reduction on our forecourts.