Supermarkets Make Further Cuts To Fuel Prices

Wed, 22 Oct 2008
 
Get the latest prices, codes, vouchers & deals fortnightly.
Asda and Morrisons have made further cuts to the cost of fuel at their forecourts.

Morrisons began the week by announcing a two pence reduction in the price of unleaded and diesel fuel, taking the price for a litre of unleaded petrol to 97.9p and diesel to 109.9p.

Asda followed suit yesterday by lowering fuel prices to the same level as Morrisons at all 172 of its UK forecourts.

The latest cuts come less than a week after the supermarkets initially reduced petrol prices to below £1 a litre, in response to a fall in the global price of oil .

Sainsburys responded by bringing the price of fuel down to 99.9p a litre for most of its customers on Friday, although it said the cost of its fuel varied across the UK as prices were set locally.

Later that day, Tesco became the last of the big four supermarket groups to cut the cost of fuel to below a £1 per litre.

Darren Blackhurst, Asda’s trading director, said the latest cut highlights the retailer’s commitment to offering consumers value for money .

"We expect oil prices to fluctuate in the coming weeks and will continue to pass on cost savings to customers whenever and wherever possible," he said.

He added that the supermarket does not want to hide behind "local pricing" and has uniform fuel charges across all of its stores .

On Sunday, Prime Minister Gordon Brown repeated calls for energy firms to help cash-strapped consumers by passing on their savings from declining gas and oil costs. He insisted that falling oil prices should be reflected at petrol pumps across the UK .

Link to this page

Copy and Paste the following HTML into your page.