Supermarkets are in a petrol pump price war

Asda one of the supermarket giants has kicked off a fuel price war after promising to cut fuel prices by up to 2p-a-litre from today.

It means that motorists filling up at any of its forecourts will pay no more than 134.7p for petrol and 139.7p for diesel.

Sainsbury’s, Morrisons and Tesco all announced they would be cutting fuel prices similarly as a result.

All three retail giants use regional pricing policies to determine what they charge based on geographical location and competition, that means drivers in different parts of the country are not necessarily paying the same price for exactly the same product.

Today’s reduction represents the first time since late February that diesel prices across the province have fallen below the 140p-a-litre mark.

The AA last night said that the wholesale price of petrol has dropped by 10p-a-litre across Europe since the record highs of mid-April.

AA President Edmund King said: “It took 12 days for the peak European wholesale price to be reflected in a new record for petrol prices in the UK.

“It shouldn’t take much longer for dramatic falls in the cost of fuel to be reflected at the pumps.”

In other news,  Trading Standards Check Petrol Pumps,

Visit www.forecourtfuels.co.uk and see how you could save you money on your next journey.