Supermarkets cut petrol prices from today
Asda has sparked a petrol price war by slashing the price of unleaded by up to 2p per litre from today.
Morrison’s has also confirmed it is cutting the cost of unleaded by up to 2p a litre from tomorrow at 335 filling stations across the UK, while Sainsbury’s is cutting prices by the same amount from Friday.
The news will come as a relief for motorists who have faced months of soaring fuel prices, with the RAC warning petrol prices were on track to hit a five-year high.
But hopes of a pump price battle were raised last week after wholesale costs slipped by 3p per litre.
RAC fuel spokesman Simon Williams said: “Drivers will be relieved to see major supermarkets cut the price of petrol after weeks of rising prices. The wholesale price of petrol has been falling since the start of September so it’s right that retailers pass on the saving to motorists at the pumps even if it is a little late.”
However, he warned that prices may soon go up again.
“There is a black cloud looming over UK forecourts as yesterday a barrel of oil hit $82 – a price not seen since November 2014. On top of this it is being predicted oil could rise towards $90 which without a strengthening of the pound could spell much higher prices at the pumps.”