Supermarkets slash petrol prices

Published by on 10 May 2011.
Last updated on 10 May 2011

Petrol nozzle

The supermarket petrol price war is hotting up again, with three of the big four announcing price cuts.

Morrisons has cut its prices by 1p per litre on unleaded and 3p per litre on diesel.

Rival Asda has knocked 4p per litre off the price of diesel and 1p off unleaded, while Tesco cut the cost of its unleaded by 1p and its diesel by up to 3p at the majority of its petrol stations.

All cuts came into effect today (May 10).

Mark Todd, petrol director for Morrisons, says: "Wholesale fuel prices are coming down and at Morrisons we always want to pass on savings as soon as we can. That is why our customers are receiving an early cut. Clearly, rising fuel prices have hit families hard over the last 12 months."

Andy Peake, Asda's petrol director, added fuel to the price war flames, saying: "Unlike some retailers, our price cuts are across the board. That's why no-one will pay more than 135.7p per litre for diesel and 134.7p per litre for unleaded when filling up at any one of our forecourts nationwide.

"As world oil prices have fallen over recent days, we've moved quickly to pass those savings on, knocking up to 4p per litre off diesel and a penny off unleaded."

Earlier this year a study by the RAC revealed 93% of drivers thought petrol prices were too high and would cut down on using their cars as a result.

 

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