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30/09/2014
Major Supermarkets Slash Petrol Costs
Three supermarkets in the UK have said they are to cut its petrol prices.
Both Sainsbury's and Tesco said they would reduce the cost by up to five pence a litre, while Asda said it would reduce petrol costs by up to one pence, and diesel by two pence.
The news has been welcomed by the RAC and AA motoring organisations.
Simon Williams, RAC fuel spokesman, is quoted as saying: "The wholesale price of both petrol and diesel has been low for around three months. And as a result motorists have been enjoying some of the cheapest prices for over three years, but this cut will take us to a new low, the likes of which we haven't seen since late 2010 (or) early 2011."
Luke Bosdet, AA spokesman, commented: "A 5p cut in the price of petrol, lopping £2.50 off the cost of filling a typical fuel tank, will be particularly welcome as families get back to school runs and into their autumn routines."
Despite falling costs, however, some have said the move will only place further pressure on smaller, local outlets.
(JP/CD)
Both Sainsbury's and Tesco said they would reduce the cost by up to five pence a litre, while Asda said it would reduce petrol costs by up to one pence, and diesel by two pence.
The news has been welcomed by the RAC and AA motoring organisations.
Simon Williams, RAC fuel spokesman, is quoted as saying: "The wholesale price of both petrol and diesel has been low for around three months. And as a result motorists have been enjoying some of the cheapest prices for over three years, but this cut will take us to a new low, the likes of which we haven't seen since late 2010 (or) early 2011."
Luke Bosdet, AA spokesman, commented: "A 5p cut in the price of petrol, lopping £2.50 off the cost of filling a typical fuel tank, will be particularly welcome as families get back to school runs and into their autumn routines."
Despite falling costs, however, some have said the move will only place further pressure on smaller, local outlets.
(JP/CD)
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