Financial News

  • 9 November 2012, 7:28

Petrol Prices Down By Another 2p At Supermarkets

Three supermarket chains have cut their petrol prices again, reducing the cost of fuel by 2p at pumps across the nation.

Asda was the first to announce the discount, which follows similar reductions towards the end of last month.

It will now charge 137.7p for a litre of diesel and 131.7p for unleaded petrol on its forecourts.

Sainsbury's and Tesco followed suit, saying they would also slash 2p off their prices.

Welcoming the move, the president of roadside recovery group AA, Edmund King, said: "Once again the supermarkets have led the way on fuel price reductions.

"We have said there is scope for price cuts given wholesale price falls and welcome the move and hope all the other retailers follow."

He said that many people are cutting back on the number of car journeys they make because of the high cost of fuel.

"This reduction will go a little way towards helping families and businesses keep mobile," he added.

Asda's petrol trading director, Andy Peake, said his company was "leading the way" in reducing the price at the pump.

"Unlike other retailers, our price cuts benefit everyone across the country, meaning that no one filling up at Asda will be forced to play a postcode lottery," he said.

A Tesco spokesman said: "As Britain's biggest petrol retailer with 490 forecourts, more motorists will make savings at the pumps at Tesco than at any other fuel retailer."

And Sainsbury's head of fuel, Richard Crampton, said: "With Christmas on the horizon, we know that this can be an expensive time of year so we're delighted to announce that we will be lowering our petrol and diesel prices."

what do you think?

18 comments

Name witheld

3:40am on 8/11/2012

This comment has been removed for violations of our Terms and Conditions.

Score: 9

Name witheld

3:44am on 8/11/2012

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Score: 8

jane cumming

5:59am on 8/11/2012

Good for the supermarkets, about time the big petrol retailers followed suit.

Score: 5

Nick Eaton

8:18am on 8/11/2012

they havent done the last one where i live yet

Score: 2

Bazil Brush

8:59am on 8/11/2012

they are cutting so u spend more at christmas come next summer it will be up again to mug holiday travel. i love my bycycle

Score: 7
2 replies

Adj Jackson

9:26am on 8/11/2012

Not gonna buy many turkeys with the 60p I'll save before the nothing day

Score: 2

movvi

6:23pm on 8/11/2012

Don't you find, though, that your tail can sometimes become entangled in the spokes?!

Score: 1

Adj Jackson

9:10am on 8/11/2012

Really am laughing hard here the supermarkets knock 2p of their profits while the government keep their2/3 of there money amd the god squad are out ranting ????? Do u lot never give it a rest???

Score: 6

jimmyjedi1979

9:24am on 8/11/2012

Great- another 30p to go and we'll be on target!

Score: 8
3 replies

Robert Hare

10:02am on 8/11/2012

Are our corupt leaders going to knock off some tax as off as well???? No didn't think so there gravy train sits firmly on it's rails

Score: 4

Robbie369P .

1:23pm on 8/11/2012

The lower the retail price, the lower the tax so yes the tax has gone down too.

Score: 3

Dave Harrison

12:48pm on 9/11/2012

Robert. Not quite. The rate of duty is unchanged and as a percentage of the total price has actually increased. Only the VAT take has reduced

Dave Hall

9:33am on 8/11/2012

How can Tesco say more motorists will make savings at the pumps at Tesco than at any other fuel retailer when they charge a penny more than other supermarkets because they give you clubcard points you are paying for the points so they are not giving you anything

Score: 6
1 reply

Dave Harrison

10:47am on 8/11/2012

Dave. Agreed. You get nowt for nowt at Tesco nor for that matter at Sainsburys

Score: 3

Paul Grice

9:39am on 8/11/2012

Even if it was half price it's still a rip off like every in this country . GAS ELECTRIC INSURANCE COUNCIL TAX all the things we have to pay for because we don't have any option Unless we all go back to living in caves

Score: 9
1 reply

t.bulgin

8:08pm on 8/11/2012

Don't forget cave tax.

Score: 1

Ray Stoner

9:48am on 8/11/2012

Since supermarkets make millions if not billions on all their other products, they could easily make no profit on petrol and give it as a reward, as a thank you to all their customers.

Score: 3
3 replies

movvi

6:21pm on 8/11/2012

Ray for PM!

Score: 1

t.bulgin

8:07pm on 8/11/2012

Apprently, they make next to nothing on it anyway.

Score: 1

Dave Harrison

12:50pm on 9/11/2012

tb. That may or may not be the case but someone somewhere is lining their pockets very well.

Malcolm Charlesworth

9:48am on 8/11/2012

Whilst not naming any particular supermarket, my car seems to give me about 10% fewer mpg when using supermarket diesel compared to branded fuel. I have often wondered why. Hence I only now use supermarket fuel when I have no other choice.

5 replies

Steve Marshall

10:12am on 8/11/2012

Yeah I've noticed that as well.

Name witheld

12:13pm on 8/11/2012

This comment has been removed for violations of our Terms and Conditions.

Score: 1

Malcolm Charlesworth

3:05pm on 8/11/2012

My onboard computer calculates mpg not kpl unless I set it to calculate speed and distance in kilometers. Whichever, 10% fewer mpg is still 10% less return even if calculated in kpl. Whichever unit we use in calculating the return on the fuel used the price of supermarket fuel needs to drop a lot more than 2p per litre to make it worth my while using over branded fuel if, as you say, it is a less powerful product.

Score: 2

t.bulgin

8:06pm on 8/11/2012

I remember this being a subject amongst the petrol heads i worked with in the early 80's.

Fred Spoons

9:41am on 9/11/2012

Are you daft or just having a laugh?

Grant Berry

10:10am on 8/11/2012

Capitalism in action, market forces bringing down prices ! No doubt the negs on here will spin it negatively...

Score: 4
1 reply

t.bulgin

8:04pm on 8/11/2012

The negs are holding the country back, with their "we're doomed" attitude.

Score: 1

Dave Harrison

10:44am on 8/11/2012

All very good news but don't cheer too soon. January is just around the corner and falling prices are just the opportunity for Osbourne to slap on his long delayed 3p tax rise.

Score: 5

Name witheld

12:03pm on 8/11/2012

This comment has been removed for violations of our Terms and Conditions.

Score: 2
1 reply

Adj Jackson

11:45pm on 8/11/2012

This comment has been removed for violations of our Terms and Conditions.

movvi

8:20pm on 8/11/2012

Great short-term improvement on the face of it - for those who live within 20 miles or so of these garages... Grrr!

graeme marritt

8:52pm on 8/11/2012

Tesco are very good at spin as with all goods tesco price to be the cheapest in that one area depending on the competition. Used to live in Rugby until asda was built there tescos in Coventry was far cheaper due to the competition store manager even admitted it when i asked them about it

Score: 2
1 reply

Michael Hawkins

7:40pm on 9/11/2012

The cheapest i have found in the SW is an Asda with no staff no shop and all automatic pumps Got to be the way forward

keith

1:42pm on 9/11/2012

FOR EVERY £30.00 YOU PUT IN YOUR TANK OUR ROBBING B'STAD GOVERNMENT POCKET £18.00 OF IT. ONLY £1.00 GOES TO THE FILLING STATION AND THE REST GOES TO THE OIL COMPANIES. DON'T BELIEVE ME? GO ON THE TAX PAYERS ALLIANCE WEBSITE FOR MORE INFO AND JOIN THEM AS THEY ARE FIGHTING OUR CAUSE

Score: 2
1 reply

Michael Hawkins

10:51am on 10/11/2012

If you were not paying fuel tax it would be added to something else. My fuel bill is around £100 per week £85 of that is my daily commute to work - I was given a choice take redundancy or move offices. I am penalised for going to work

Score: 1

Michael Hawkins

9:22am on 10/11/2012

There is a 3p increase in duty introduced by Labour due in January Whilst in power labour claimed the increase was esentual for the environment Now in opposition they want it scrapped Labours new policy seem to be, stuff the environment how many column inches and votes can we get out of this

Score: 2
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