The cost of petrol is something that most people are generally cautious about, as usually when there is a story about it in the news it is usually to announce that the costs will increase. Therefore we are happy to announce that it has been revealed that supermarkets across the UK are planning on slashing their petrol prices due to the general decrease in cost of fuel on the market. Motorists across the UK will be extremely happy to hear this news, especially as it comes only one month after George Osborne announced in the Budget that the 3p fuel tax increase for September has been scrapped.
As of today Asda, Tesco, Sainsburys and Morrisons will all be reducing the cost of fuel per litre, which was started by Asda who recently announced that they would be lowering the cost of petrol by 2p per litre. Reacting to this, Sainsbury’s and Tesco also reduced the cost of their petrol by 2p per litre, while Morrisons announced a cut of 3p per litre of petrol and 1p per litre of diesel. Whilst this may not sound like a lot at first, these cuts will help drivers reduce the overall cost of running their vehicle, which also includes having to pay road tax, motor insurance, and MOTs.
Discussing the price cuts, president of the AA, Edmund King, said: “We predicted these cuts last week, with oil down to its lowest level in a month and the pound gaining on the dollar after its recent fall. This is perhaps another glimmer of sunlight for drivers after a hard, wet, pot-holed and expensive winter of driving.” Meanwhile, the RAC’s technical director David Bizley said: “Certainly, these price cuts will be widely welcomed by UK motorists and it is encouraging to see that the drop in the wholesale price of fuel is being passed on.”
“Nonetheless, it is easy to underestimate the impact that the UK’s high fuel prices are having on us as individuals. Our research has shown that almost half of motorists would avoid promotion or a new job that involves more driving, and a quarter believe prices negatively affect their working life. We will continue to campaign for greater price transparency.” Motorists have also been warned that due to the cheaper prices at supermarkets the amount of people visiting each day will increase, which can lead to large queues and even pumps running out of fuel.