Sainsbury, Tesco and Asda have started a battle for shoppers fighting for the best possible petrol price. All three have recently cut petrol price by 2p a litre.
Asda have announced that customers will pay no more than 138.7 a litre for unleaded and 143.7 for diesel. Tesco have announced a similar cut but a spokesman said that prices would vary in different parts of the country; the lowest price at 137.9p a litre and the highest at 140.9p. Sainsbury’s have followed and said “in many of our stores” the price of petrol and diesel would be cut.
The AA said prices at the pump had hit a new high of 142.48 per litre with diesel remaining at 147.88p per litre. Pressure has increased on oil companies and retailers to bring down prices as wholesale prices have dropped.
The AA added that if the wholesale petrol price hold or continues to crash the UK pump prices should fall at least 4p in the next few weeks.