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Supermarkets cut price of petrol and diesel

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Supermarkets have announced fuel-price cuts ahead of the August Bank Holiday getaway.

From Tuesday Asda, Sainsbury’s and Tesco are all reducing the cost of their petrol by up to 2p a litre, with diesel going down by 1p a litre.

In Asda’s case, this will take the price of its petrol to no more than 124.7p a litre, with diesel at 128.7p for diesel – its lowest prices since January 2011.

The AA said the average UK price of petrol on Sunday was 129.71p a litre, with diesel at 133.74p – its lowest since mid-February 2011.

AA public affairs head Paul Watters said: “We have seen competitive independent retailers east of London selling petrol as low as 125.9p a litre recently.”

He said the supermarkets’ move would spur other retailers to follow suit.

RAC fuel spokesman Pete Williams said: “We’ve been calling for petrol and diesel prices to fall for some time following the decrease in wholesale prices and so this is a welcome move by the supermarkets.

“We would expect to see other retailers to follow in the coming days giving consumers a great opportunity to fuel up ahead of the Bank Holiday.”

 

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