Supermarkets cut petrol prices again

Retail giants Tesco, Asda and Sainsbury take 2p off per litre as wholesale prices continue to fall amid lower crude oil values.

The big supermarkets cut their petrol prices for the second time in less than a week – but the AA said there was still scope for further reductions.

Tesco, Asda and Sainsbury are slicing 2p off a litre of petrol as wholesale prices continue to fall amid lower crude oil values.

The latest Asda cut will mean its customers will pay no more than 131.7p a litre of petrol from Saturdaymorning, with Asda diesel staying at 135.7p a litre.

But the price of petrol can still depend on location. This week, a substantial number of supermarket and non-supermarket fuel stations were selling petrol at 132p-133p a litre in Staffordshire, London and some other areas, according to the AA.

Edmund King, the president of the AA, repeated his call for the government to intervene and force oil companies to publish the price of wholesale petrol and diesel to help make pump prices more transparent.

"We are not calling for regulation but experience in the US, Australia and elsewhere shows that a bit more openness brings more stability. It might help remove the concerns of motorists that retail prices are quick to go up [when the wholesale price goes up] but slow to go down [when the opposite happens]".

Peter Cattell, Tesco's petrol category director, said both petrol and diesel could be reduced in price. "As Britain's biggest fuel retailer, with 497 forecourts, more motorists make savings at Tesco petrol filling stations than any other fuel retailer," he added.

Richard Crampton, Sainsbury's head of fuel, said: "We're always looking for ways to help customers save money and we know that fuel is a big part of household budgets, so from tomorrow we will be reducing the price of unleaded at our 280 forecourts by up to 2p per litre."

Contributor

Terry Macalister

The GuardianTramp

Related Content

Article image
UK supermarkets cut petrol prices as crude oil cost slides
RAC predicts petrol could soon be sold for £1 a litre after Asda, Sainsbury’s and Tesco slash price of unleaded fuel by 2p

Terry Macalister

21, Aug, 2015 @3:59 PM

Article image
Supermarkets cut petrol prices again
Morrisons sliced 2p a litre off petrol and 1p off diesel, which was quickly followed up by Sainsbury's, Asda and Tesco

Terry Macalister

02, May, 2013 @4:21 PM

Article image
Tesco cuts petrol prices as supermarkets battle it out
Following recent petrol price cuts from Asda and Morrisons, Tesco has announced it will also be cutting prices at its forecourts, writes Simon Bowers

Simon Bowers

14, Aug, 2011 @6:37 PM

Article image
Why do petrol and diesel prices keep climbing when oil has fallen?
Even as oil prices fall from highs in March, the cost of filling up a diesel vehicle has rocketed

Alex Lawson Energy correspondent

17, May, 2022 @4:42 PM

Petrol price cut again despite crude cost surge

Average cost of petrol has fallen to 87.79p a litre compared with 88.27p in December 2005

Terry Macalister

01, Jan, 2009 @12:01 AM

Article image
UK petrol prices are closing in on all-time high, warns RAC
Cost per litre nears the record 142.48 set in April 2012, stoked by global demand outpacing supply rather than UK fuel shortage

Rob Davies

05, Oct, 2021 @11:01 PM

Article image
Supermarkets slash petrol prices to below £1 a litre
Asda, Morrisons, Tesco and Sainsbury’s drop petrol and diesel costs in attempt to lure Christmas shoppers

Graham Ruddick

11, Dec, 2015 @4:38 PM

Article image
Petrol prices rise again even as demand falls

AA warns of 'vicious circle' as strengthening dollar drives up forecourt prices despite clear signs of economic slowdown

Phillip Inman, economics correspondent

18, Jan, 2012 @5:40 PM

Supermarkets launch price war over petrol

A petrol price war in response to a fall in oil prices brings relief for millions of motorists

Dan Milmo, transport correspondent

22, Jul, 2008 @11:01 PM

Article image
Rising fuel price is like 5% rise in income tax for poorer families, says Tesco's UK boss
Tesco UK chief executive Richard Brasher describes cost of fuel, utilities and taxes as a 'real challenge' for his supermarket's customers

Zoe Wood

16, Mar, 2011 @3:14 PM