Petrol Prices Cut By Up To 2p By Supermarkets
Supermarkets across the UK have lowered their petrol prices following a fall in the wholesale cost of fuel.
Asda was the first to announce it would cut up to 2p off a litre of petrol, saying customers would pay no more than 133.7p.
Rivals Sainsbury's and Tesco followed with similar pledges of price reductions of up to 2p.
The AA broadly welcomed the move, but urged other retailers to do the same.
"Unless the rest of the market reflects the lower cost, it's a case of the same old story - prices up like a rocket, falling like a feather," said AA's head of public affairs Paul Watters.
The roadside recovery group is in the process of providing information to the Office of Fair Trading, which is investigating whether a fall in oil prices is being passed on to motorists.
"Last week, our fuel price report pointed to a 4p drop in petrol wholesale prices working its way through the system," Mr Watters said.
"UK average petrol pump prices reached a late summer high of around 140p a litre in mid-September and sat there for more than a fortnight.
"More than a month on, the average petrol price yesterday was down to only 138.70p a litre."
Asda cut its petrol prices by 3p a litre at the end of September and other retailers said they would follow suit.
Meanwhile, average diesel prices have fallen by 1p a litre - almost exactly reflecting the late summer fall in diesel wholesale costs, according to the AA.
what do you think?
Oh my god 2p off thats so awsome ...... I can now live like a king with the money i will save i can buy a new house / car have a dream holiday. Sarcasm mode off reality mode actovaited. This is just pathetic and insulting realy given how much the price has been pushed up by gready men and you can not blame the price of oil because look at the price of pertol in the USA and and other countrys and how cheap it is compared to the price we pay here in the UK and im sure for the most part they buy the same oil from the same places we do.
2p?! Big wow! Mind they don't give something away! With the money these big supermarkets make there's really no need to charge what they do anyway. It's just greed.
Good news but its still to expensive...
Good news,but its still cheaper on the continent.
Yet you still get over charged per litre
This is all well and good, What about the other garages and forecourts. We always see a drop at the supermarkets mainly to try to encourage shoppers. You very rarely see others dropping their prices so quickly. The answer is to just use the supermarket petrol and leave the others to be forced to drop prices or go out of business. Most of the garages are linked to the oil and petrol companies and you then get a few independants.
Not enough!!! MP's are not telling the Oil companies to bring it down, supermarkets think they are doing us a favour. Give with one hand, rip straight back with food prices. Do we know who sets the prices and where can the consumer check on how its been traded and fairly. I heard that traders and oil transporters keep the tankers anchored in the north sea until they get the max price at the end of a trading day. This has to be wrong as the traders and companies are keeping it high and we are the mugs who need to get to work every day. These prices are stupid and never look like they will ever come down.
You do realise the profit on selling petrol and diesel is virtually nothing don't you? Next time you visit a supermarket, just think about how much the products you are buying are marked up from cost price. I guarantee that the percentage is huge compared to that of fuel. That's after the taxes area taken into account obviously Why shouldn't retailers be allowed to make an honest profit from the goods that they sell? If you want to complain, talk to your local MP, not the retailer.
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2p per litre is actually a significant fall considering 85% of fuel cost is tax. So every time the Great British Public calls for more public spending - guess where it comes from? Correctamundo!! - tax including fuel tax, but then the GBP moan their taxes have increased. You want it both ways? - you can't, it won't happen, get real.
WOW that puts it less than 6.70 a gallon to put in perspective it was around 60p a gallon early 80's now over 6quid but my wages are around the same as the 80's but everything els has gone up rapid. But at least its official the recession is at an end!!!!!
The Bankers and traders still making huge profits trading fuel/gas throw us a few crumbs back and we are suppose to be greatfull .Like what happened to the Tsars may happen to the Bankers when people all over the world wake up.
I dont think ill buy a new car just yet.
They raise prices above inflation and then lower them after time as if they are doing us a good turn. When in actual fact they are robbing us blind.
sign up to fairfueluk its free and they lobby government on our behalf, get your voice heard worth a try and nothing to lose. just google it.