The diesel price war is on!
Seeing as wholesale diesel prices have been 2p cheaper than petrol for more than a month, there's a sense of 'about time' about it, but it is more than welcome to see the forecourts actually passing on some of the savings to motorists.
And, for the first time in over a decade, the price Morrisons are selling it at, diesel is cheaper than petrol.
For those who like a moan, the wholesale price of diesel has been dropping since the start of 2014, falling by 44%. During that period, the price at the pumps has only gone down by 14%, so more should've been done for drivers. There's been a bunch of price drops on fuel after the fuel duty price freeze in the Budget. A number of forecourts have shaved 2p off, which is something.
Mark Todd, Petrol Director for Morrisons, said: "Because of the recent price drops in the wholesale diesel price, we are able to pass on these savings to our customers. This is a milestone in motoring and many younger drivers won’t remember the last time that diesel prices were lower than unleaded."
"While we are cutting diesel prices today, we will continue to look for opportunities to pass on savings on unleaded as soon as we can."
Anyway, with Morrisons offering this low price, you know that the other fuel vendors are going to join in and kick off a price war, so start stockpiling now!