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Supermarkets slash fuel prices

Filling up with petrol15/04/13

By Ian Barnsley

The supermarket fuel price war intensified on Monday with motorists ready to benefit from fresh cuts of as much as 3p a litre.

Morrisons is to cut its unleaded prices by 3p and diesel by 1p on Tuesday after Asda and Sainsbury's said they would be dropping their petrol prices by 2p. This week's decreases come after cuts last week as wholesale fuel costs continue to head downwards.

Petrol director at Morrisons, Mark Todd, said the supermarket was offering some of the lowest prices around after moving to pass on the savings from lower wholesale costs to its customers.

Motorists heading for Asda's forecourts can expect to pay 133.7p a litre for its petrol and diesel drivers will be charged 137.7p per litre.

Sainsbury's head of fuel Richard Crampton said the chain was always looking for ways to help people save money and that was why it was lowering its prices at 280 petrol stations across Britain by 2p a litre.

The lower prices have been welcomed by motoring organisations. The AA  said it had predicted another round of cuts with oil prices at their lowest for a month and sterling gaining in value against the US dollar.

Its president, Edmund King, described it as a timely boost for motorists after a "hard, wet, pot-holed and expensive winter of driving".      

David Bizley,the RAC 's technical director, described the fact that the savings are being passed onto consumers as "encouraging" but he said the organisation would continue to press for greater price transparency and help drivers who are struggling to afford the cost of motoring.

He said RAC research suggests that around a half of British motorists would not be interested in a promotion at work or change of job that meant clocking up more miles on the roads due to the expense of driving.

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