Financial News

  • 13 March 2013, 13:47

Fuel War: Price Slash Gives Motorists Hope

Consumers may benefit from an impending petrol price war, after one supermarket chain decided to slash vehicle fuel costs.

Sainsbury has announced that it would drop its fuel prices at the company's 279 forecourts.

Prices will dip by 4p a litre, with diesel being reduced by 3p a litre, from Wednesday onwards.

Rivals were expected to respond with decreases of their own.

What Car? editor-in-chief Chas Hallett told Sky News: "Drivers are being hit by ever increasing fuel prices, so any retailer initiating a drop like this is good news.

"No doubt that what your car does to the gallon is certainly the number one concern of anyone who relies on their car for work and personal life."

Supermarkets have increasingly become the point of delivery of fuel for many motorists.

Traditional branded forecourts have struggled against supermarket equivalents in recent years, which have offset costs from elsewhere in their businesses.

Motorists have also struggled as prices remain elevated, despite weaker demand from the depressed global economy.

"Fuel prices are still higher than they should be and the Government really needs to take a harder look at the huge amount it rakes in from fuel duties," What Car?'s Mr Hallett said.

"Any politician who promises to drop them would doubtless get the vote from motorists."

Sainsbury's head of fuel, Richard Crampton added: "We know that fuel is a big part of many customers' weekly budget so we're keen to do anything we can to help."

what do you think?

6 comments

David Francis

5:13pm on 12/3/2013

Petrol prices are up and down like a harlots charlies these days.

Score: 2

Brian Holmes

7:20pm on 12/3/2013

Rip off Britain.

Score: 5
1 reply

gordon

5:01pm on 13/3/2013

How right you are Brian

Score: 3

Neil C

12:48pm on 13/3/2013

jokeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee. Never happen!!!!!!

Score: 2
1 reply

bjnk

8:51pm on 13/3/2013

its happened.

gordon

5:00pm on 13/3/2013

Supermarkets cutting fuel is no good for the independent retailers. If the go out of business we would be in trouble eventually as the supermarkets would not discount because they would not need to. Its not retailers who need to shave their margins on fuel its the government that need to reduce tax by about 20p a litre

Score: 1

Richard Crowther

2:37pm on 14/3/2013

2p or 3p or 4p? WOW!!! Just think of all the things I'll be able to do with the 40p, 50p, 60p I'll save on a £20 spend

1 reply

Michael Hawkins

8:55pm on 14/3/2013

Richard My weekly spend is a minimum of £90 but occasionally upto £300.00 per week - it make a great difference to me Everything is delivered by lorry, lorries that do little over 3 miles to the litre

Score: 1

Michael Hawkins

8:52pm on 14/3/2013

What I have never understood is why the massive variation in price I commute 75 miles to work at home fuel is 145.9 where I work only 140.9 Forgot the fill up today so it 7 Litres locally to get into work and fill up on arrival

Score: 1
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