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Three supermarkets have confirmed that they will cut the price of petrol and diesel per litre, with the news set to spark a fresh fuel ‘price war’.

Asda, Sainsbury’s and Morrisons will cut fuel prices by 1p and 2p per litre for unleaded and diesel fuels respectively.

Asda led the announcements yesterday, with the retail giant’s drop being the seventh cut in fuel prices in three months. The changes will mean that drivers filling up at Asda won’t pay more than 113.7p and £123.7p per litre across the supermarket’s fuel forecourts.

Asda and Morrisons will implement the cheaper fuel today, with Sainsbury’s following suit tomorrow. Tesco, the UK’s largest fuel retailer, is also expected to drop its prices today or tomorrow, too. It means that over 1,000 filling stations across the UK will benefit from lower prices.

RAC fuel spokesperson Simon Williams said: “These cuts are very welcome news, with drivers badly needing the supermarkets to start competing on price again as the so-called price war has been ‘cold’ since the middle of October. However, it will still mean that drivers who are not near a low-cost fuel retailer will continue to pay over the odds.”

The cuts come as motoring groups have slammed some fuel retailers for not passing on reduced wholesale costs onto consumers.

As of the end of December 2018, average prices across the UK were 122p per litre for unleaded fuel, with diesel commanding quite a premium – the mean price per litre being 131.4p.

Ted Welford

By

January 8, 2019

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