Supermarkets begin petrol price war

I am getting a little exited just thinking about this piece of new, it looks as though the UK’s top supermarkets have started a petrol price war. This will bring a huge relief to millions of motorists in the UK.

Asda have cut the cost of a litre of unleaded and diesel by 3p, Morrisons then reacted by reducing theirs by 4p. Both supermarkets have said that the reason for reducing the price of fuel is a direct result of the price of a barrel of oil going down.

Sainsbury’s have announced a new promotion, if you spend £50 in store; you will receive a voucher for 5p of a litre. That is the same deal that Tesco has on at the moment.

Tesco have also announced that they are reducing the price of a litre of diesel and unleaded by 4p.

BP are only lowering their prices by 1p, well at least it is better than nothing.

According to The Guardian, the AA president, Edmund King has said that this current price cuts show that the fuel spike has now reached a plateau. Hopefully if the price of oil drops further, then we could see even more reduction in the price of fuel.