Fuel prices are again being cut by the four big supermarkets. Asda, Morrisons and Sainsbury’s are set to reduce their petrol and diesel by 2p a litre from tomorrow, while a similar cut of 2p a litre from Tesco will be taking effect from this afternoon.
This will be the 14th fuel cut by ASDA since the end of September, with 21p a litre coming off its petrol price in total and 17p a litre off its diesel. This will be the seventh cut for both Morrisons and Sainsbury’s since the beginning of December.
The RAC have predicted that petrol could drop as low as £1 per litre, however the AA are more sceptical.
Simon Williams, RAC fuel spokesman, today said that the latest cuts would further lower the average price of petrol, which is currently cheaper than it has been for about five years. Mr Williams added ‘The cuts are bringing us ever closer to the £1-per-litre average for petrol. Of course it would also be an extremely welcome move for motorists and businesses alike.’
Edmund King, AA president, said ‘Further drops in the pump price are extremely welcome. However, small rural towns are again being left behind by the price falls in the more competitive areas. This continues to feather the fall in the national average. We would love to see £1 per litre and we may possibly see it in many parts of the UK but it is unlikely that the average price will drop as quickly to the £1 level – partly because 70% of the price is tax.’
‘There is still a price lottery out there so we advise drivers to shop around.’