Major UK supermarkets cut petrol prices - is your local store one of them?

The four leading supermarkets in the UK have announced they have cut their petrol prices which will be a well received financial break for motorists after what the AA has called 'a hard and expensive winter'

Asda’s cap on its pricing structure means that no consumer, anywhere in the country, will pay more than 133.7p per litre

The price cuts from the leading four supermarkets in the UK, Tesco, Morrisons, ASDA and Sainsbury’s, will come as music to the ears of many budget-stretched households that rely on their vehicles to go about their daily routine.

The Facts and Figures:

ASDA

Prices slashed in all 217 forecourts up and down the country by 2p per litre of petrol

Cap of 133.7p maximum per litre that the customer will pay

Sainsbury’s

Cut the price of petrol by 2p per litre

Reduced rate will be rolled out across its 280 forecourts

Morrisons

Introduced reduction of 3p per litre on petrol and 1p per litre on diesel.

Tesco

Reduction of 2p per litre of petrol

Motoring bodies such as the AA and the RAC have come forward to comment on the price cuts implemented by the supermarkets, the reduced wholesale price will have a positive effect on pricing and therefore this saving can be passed on to the consumer.

RAC technical director, David Bizley, said;

“Certainly, these price cuts will be widely welcomed by UK motorists and it’s encouraging to see that the drop in the wholesale price of fuel is being passed on.”

There is speculation that certain supermarkets, except ASDA who has introduced a cap on their petrol prices, are going to play ‘postcode lottery’ with their pricing structure. This means that some, most likely rural, areas will see the price of petrol soar whilst other inner-city forecourts will see the price slashed as a result of re-distribution of the price elsewhere.

Asda’s petrol trading director has come forward to comment on the potential of the other supermarkets misleading customers, “some of our competitors have postcode lottery pricing which means prices can vary across their forecourts by up to 6pence.” Asda’s cap on their pricing structure means that no consumer, anywhere in the country, will pay more than 133.7p per litre.

Petrol has been found to be one of the most begrudged purchases made by families, particularly as purse strings are increasingly bring tightened to afford the ‘cost of living.’ Now, motorists can let out a sigh of relief as these price reductions come into play as of Tuesday 16th April. Here’s hoping the winter weather disappears now, and motorists can get out on the (pothole free) roads and enjoy the cheaper fuel.