Major supermarkets pass on unleaded savings, cut petrol prices
Some of the UK's biggest supermarkets – including Asda, Tesco, Sainsbury's and Morrisons – have cut the price of petrol following a fall in unleaded prices, FleetWorld reported last week.
The news will be welcomed by fleets. Asda, for example, has cut the cost of unleaded by 2p per litre (ppl) and has also implemented a cap on prices. This will apply to all of its 272 filling stations, meaning drivers will pay no more than 105.7ppl on unleaded. Diesel remains at a national price cap of 107.7ppl.
At the same time, Tesco, Sainsbury's and Morrisons announced that they too were dropping the price of unleaded by up to 2ppl.
Simon Williams, RAC fuel spokesman, said: "This is yet more good news for petrol car drivers who have enjoyed prices coming down in August as a result of a barrel of oil staying around or below $50 (£33) since the end of July."
It's very encouraging to see savings in wholesale petrol being quickly passed on to motorists at the pump.
Williams added: "This should also have the very positive effect of reducing prices from other retailers around the country. Hopefully this will drive the average price of a litre of unleaded down well below its current level of 111p, back towards the six-year average low of 106p a litre we saw in January."