Supermarkets start to drop petrol prices

17 December 2014

petrol_guage In a handy move for Christmas, the supermarkets have started a round of price cuts on petrol and fuel.

Asda and Sainsbury's are cutting their petrol by 2p a litre and diesel by 1p a litre, tomorrow. That's nice isn't it?

The RAC reckon that, thanks to world oil prices, petrol could be below £1 a litre in the new year, which would be the lowest pump prices since 2009.

RAC fuel spokesman Simon Williams said: "What's currently happening at the pumps with falling fuel prices is something many motorists will not remember seeing before. Talk of prices going up like a rocket and falling like a feather could not be further from the truth as retailers have been quick to pass on savings at the forecourt since we forecast on December 6 that prices were due to come down by 7p a litre for petrol and 6p for diesel."

Did it take you a couple of attempts to see what the crap he was talking about then? Anyway, it isn't all happy-happy-joy-joy.

AA president Edmund King is being altogether more cautious: "With duty on each litre of fuel at 57.95p and VAT around 20p, plus the pound at its lowest level against the dollar for three months, it would take another almighty drop in crude prices to reach £1 a litre at the pumps."

"Drivers would love to see £1 per litre but a white Christmas might be a better bet at the moment. However, for canny drivers there are still variations in pump prices of up to 5p litre in the same town. So shop around and make the most of the lower prices."

TOPICS:   Motoring

1 comment

  • Martin
    It's just a loss leader to get you into the stores. Nothing wrong with that but don't go thinking it's going to keep going down that much.

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