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.


Related UK National News Stories
Click here for the latest headlines.

18 October 2005
Petrol prices push up UK inflation
UK inflation has risen to 2.5%, driven by the continuing rise in petrol prices, the Office of National Statistics has reported. It is the highest rate of consumer price inflation since the index began in January 1997 and the third month in a row that inflation has risen above the government target of 2%.
25 September 2003
Petrol prices to rise next month
Petrol prices are set to increase by 1.28 pence per litre in line with inflation, the Treasury today confirmed.
13 April 2010
Campfire Warning
Police in Scotland are warning campers not to use fuel on any open fires after a man was injured. The 21-year-old was burned after he poured petrol onto a campfire last Friday night – the first day Operation Ironworks started.
23 October 2006
Government announces plans to cut petrol station pollution
Damaging pollution from petrol fumes are to be captured and recycled as fuel under air quality rules, which have come into effect.
11 May 2004
Chinese and UK companies sign billion-dollar trade deals
British companies BP, Shell, Kingfisher and B&Q (China) have today announced their new joint ventures in China with a total value of over US$1.5 billion.