Petrol price war leaves drivers motoring
Published Date:
22 July 2008
SUPERMARKETS launched a petrol price war today, with three of Britain's biggest chains cutting the cost of unleaded and diesel by up to 5p a litre.
Supermarket chain Asda announced it would cut the cost of unleaded and diesel by 3p a litre, and Morrisons swiftly followed suit by cutting the price of unleaded and diesel by 4p a litre.
Sainsbury's said it was cutting petrol by 5p a litre from Thursday for customers who spent £50 or more in stores. The promotion will run for two weeks.
The price of a barrel of oil dropped from a peak of 147 dollars to 130 dollars in recent weeks.
Asda said all 170 of its petrol forecourts across the country would sell unleaded petrol for 113.9p a litre and diesel for 128.9p a litre from today.
Asda trading director David Miles said: "We are seeing a more stable reduction in oil prices, allowing us to pass on the savings to customers."
Morrisons' move came into effect at 6pm yesterday.
AA president Edmund King said: "Since mid-July, the wholesale gasoline price has fallen six per cent and the AA expects fuel suppliers to pass on, not pocket, the saving for the good of UK families."
The full article contains 212 words and appears in Edinburgh Evening News newspaper.
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Last Updated:
22 July 2008 10:56 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
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Related Topics:
Transport