Quantcast
Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Pump prices tumble as supermarkets go to war (again)

Published 30 October 2013

The cost of petrol and diesel has been cut by 3p per litre in the latest chapter of a supermarket price war.

The price cuts was started by Sainsbury’s after it announced a 3p per litre cut in the cost of petrol and diesel.

Asda has responded by launching a national price cap on its fuel prices, which means customers will pay no more than pay 126.7p per litre of unleaded or 133.7p per litre for diesel

Tesco has pledged to reduce its prices by 2p per litre, while Morrisons has said it will do the same at the majority of its filling stations.

“This is good news but no one should think supermarkets are putting drivers before profits,” said Professor Stephen Glaister, director of the RAC Foundation.

“Wholesale prices have been falling and it is reasonable that some of this benefit is shared with consumers. The big retailers will still enjoy decent margins on each litre of fuel they sell. The surprise would be if the supermarkets weren’t passing on some of their good fortune to hard pressed motorists.”

Comments

Paul Ednasen-rosser    on 2 December 2013

yeh but how long will this last before they start to hike up the prices again

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £9,304.93

Total cost of credit £1,804.93

£155.08

60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.