Petrol and diesel prices cut amid crackdown on retailer

Petrol and diesel prices cut amid crackdown on retailers

 

Motorists will see an acceleration in fuel price cuts over the weekend as supermarkets take up to 2p off a liter of petrol and diesel.

Wholesale prices have dropped and motoring companies have proposed this merits reduced pump prices.

Tesco and Morrisons are cutting prices by 2p a liter on Friday, and Asda and Sainsbury's said they would decrease prices by up to 2p a liter on Saturday.

But drivers are being notified that prices can vary in different areas.

The middle UK price for a liter of unleaded petrol was 118.83p on Thursday, and 120.88p for a liter of diesel, as stated by to the latest figures from Experian Catalist.

Ten days earlier, the middle unleaded price was 120p a liter, and diesel cost 122.06p.

'Shop around'

The oil price and wholesale prices sense sharply at the start of March, and motoring organizations have disputed that this should have been feeding through to another 2p cut per liter in prices at the pumps.

The RAC said motorists could feel aggrieved that prices had not fallen further. Asda said it had let fallen prices twice in two weeks and had a national price cap to ensure motorists were distributed with equitably. Morrisons said it had also made the second cut in two weeks.

Tesco is dropping petrol and diesel prices by 2p a liter over the route of Friday afternoon at all its outlets, followed by Sainsbury's on Saturday.

Luke Bosdet, of the AA, said that there was general interest that so-called supermarket fuel price wars did not actually profit all drivers across the country.

He claimed prices cut down the most in areas where there was a range of supermarkets located close to each other. In other areas with less rivalry, the same cuts were not as likely to be seen.

"We would urge motorists to look around to find a better price. There are petrol price apps that can help," he said.

 

 

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