Cheaper petrol coming to a supermarket near you
It’s Friday. If that wasn’t good enough news there is even more jubilation lurking on your local supermarket garage forecourt- petrol prices have come down. For the first time in, well, probably ever*
That’s right, Tesco, Asda and Sainsbury’s have all announced that, following the drop in wholesale prices, they are all dropping their petrol prices by 2p per litre. Tesco’s drop should have come into effect yesterday, with Asda and Sainbury’s following suit today.
Now, 2p off a litre of petrol is undeniable A Good Thing, (unless you filled your car the fullest it has ever been filled at Sainsbury’s yesterday). However, two weeks ago, those very nice men at the AA suggested we should be looking at a 5p per litre reduction, based solely on the price of fuel. So where has that other 3p gone? Well, supermarkets are looking to replace lost income due to households cutting back on their weekly shop…
But to be fair to the supermarkets, this is the second 2p cut Tesco and Asda have made recently, the last one being 20 April, but even after these cuts, prices have only returned to levels last seen in early April. Is reducing an over-inflated price really such a good deal? Yesterday, before the 2p price cut was announced, the average cost of a litre of unleaded had fallen to 141.10p, so we can expect a new average of under 140p per litre. Remember when there were protests and blockades over petrol prices going over £1 a litre?
But how will it actually affect you? Tesco and Sainsbury’s price petrol locally, so if you live in Northern Ireland, where petrol is most expensive, you will still be paying more than your Scottish counterparts, where petrol is up to 1.7p per litre cheaper. Unless you buy your fuel from Asda, that is.
Asda has decided on a blanket pricing structure and all 195 forecourts around the country will now demand no more than 136.7p a litre for unleaded and 141.7p a litre for diesel.
Andy Peake, Asda's director of petrol trading, said: "Unlike other retailers, our price cuts benefit everyone across the country, meaning no one filling up at Asda will be forced to pay a premium for their fuel."
Whether you consider this to be a PR stunt or not, regardless of where you live in the country, you may be better off fuel-price-wise if you live near an Asda. Prices are reportedly cheaper around Asda garages, sometimes leading to anomalies in prices between towns that have an Asda petrol station and those that do not. According to the Guardian, Newbury-dwellers, for example, who have no Asda garage, can pay 4p a litre more for their petrol than those in nearby Asda-loving Reading. *pats own bottom and makes a jingly noise*
*this is not true.