Several of the UK’s largest supermarkets have cut their diesel prices for the second time in a week, meaning that the price at the diesel pumps is now less than at the petrol pumps for the first time in 15 years.
The latest round of price drops has seen Tesco and Morrisons cut a further 2p off the price of a litre of diesel, with Sainsbury’s expected to match this on its forecourts – making this the third time that Morrisons and Sainsbury’s have cut their prices over the past three weeks.
Price drops for diesel may not end here, however. Steve Gooding, director of the RAC Foundation, told the Press Association: “This is welcome news but has been a long time coming. The wholesale price of diesel dropped below that of petrol back in May but only in the past week or so have we seen this starting to be reflected at the pumps.
We would hope this is not the end of the reductions as the price of diesel at the refinery gate is still 4p per litre cheaper than that of petrol.
"We would hope this is not the end of the reductions as the price of diesel at the refinery gate is still 4p per litre cheaper than that of petrol."
After the latest drop in prices, Morrisons has stated that fuel costs now stand at 21p per litre less than this time last year. Mark Todd, petrol director at Morrisons, said: “Further wholesale price drops mean that we can pass more savings on to our customers. We will continue to look for opportunities to pass on savings on unleaded as soon as we can."
Asda, though, looks unlikely to drop prices further, with drivers currently paying a maximum of 112.7p per litre at its 272 forecourts.
July 28, 2015