Asda leads the way as supermarkets cut fuel prices by 2p a litre

John Fitzsimons
by Lovemoney Staff John Fitzsimons on 07 November 2012  |  Comments 7 comments

Three supermarkets - so far - have announced cuts to the price of petrol and diesel at their pumps.

Asda leads the way as supermarkets cut fuel prices by 2p a litre

The supermarket petrol pump price war has kicked off once again.

Asda led the way by announcing it was cutting the price of petrol by 2p a litre from Thursday, taking it down to 131.7p a litre. It's also cutting the price of diesel by 2p, meaning motorists will pay no more than 137.7p. 

It was followed by Sainsbury's and Morrisons announcing cuts of up to 2p at their own pumps. 

The cuts follow last week's move by four supermarkets to cut only petrol prices, as we covered in Supermarkets in petrol price war again.

To make sure you’re paying as little as possible for your petrol, read How to find the cheapest diesel and petrol prices.

More on the cost of motoring

The best petrol loyalty cards

Get satnav for free

How to beat parking fines

Five ways to make money from your car

Enjoyed this? Show it some love

Twitter
General

Comments (7)

  • ronat42
    Love rating 71
    ronat42 said

    I live in a town in the West Midlands where the supermarket fuel prices are generally the same or more expensive than the median local service stations which are all pretty much the same price anyway with seldom more than 1 penny difference between max and min over all of them. However, today I visited a town less than 10 miles away and the fuel prices there were all 4 pence less than any of our local prices. This has been much the same for as long as I can remember and despite questions raised to our local MP and from him upwards and sideways there has never been any explanation.

    My guess is that since it costs more in fuel cost to travel to the next town than can be saved, irrespective of the waste of time, no-one is going to cut into the meagre profit to be more competitive but since the other town is part of the general Birmingham area more local competition is keeping prices low.

    That being said, I agree that the word 'slashing' is a bit over the top but anything that brings prices down a bit is help so long as it is a genuine reduction and long term.

    Report on 08 November 2012  |  Love thisLove  0 loves
  • muira
    Love rating 30
    muira said

    lets hope aldi lidl etc open petrol stations..so we can have a real war..

    thought the price was dictated by how many luxury mansions,exotic yachts,and

    cars,rolex watches,camels,football clubs..fake holiday resorts,hotel complexes,etc..

    the oil barons want to add to their collections..and the demand now from china..

    oh,,almost forgot the government of the day...easy mistake!!

    can't think that supermarkets would sell as a lost leader,to get you in

    they appear to be set away from the food/clothing homewares section,

    and i find i don't need to go in there,

    and can easily pass the chocolates,crisps,charcoal,flowers and fizzy pop etc

    stocked in the fuel forecourts..which incindentally like the stores regularly have a

    fortune spent in re-furbishments..probably unlike independant fuel retailers they

    buy in bulk,and dictate the price anyway..

    Report on 08 November 2012  |  Love thisLove  0 loves

Post a comment

Sign in or register to post a reply.

Our top deals

Credit card
company
Balance transfers rate and period Representative
APR
Apply
now

Barclaycard 31Mth Platinum Visa

0% for 31 months (2.99% fee) Representative 18.9% APR (variable) Apply
Representative example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 18.9% (variable), representative 18.9% APR (variable). Credit available subject to status. A Balance Transfer fee of 3.5% will be applied, then reduced to 2.99% by a refund (terms and conditions apply). Plus an additional £20 fee refund on balance transfers over £2000.

Barclaycard 30Mth Platinum Visa

0% for 30 months (2.89% fee) Representative 18.9% APR (variable) Apply
Representative example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 18.9% (variable), representative 18.9% APR (variable). Credit available subject to status. A Balance Transfer fee of 3.5% will be applied, then reduced to 2.89% by a refund (terms and conditions apply). Plus an additional £20 fee refund on balance transfers over £2000.

MBNA 30Mth Platinum Credit Card Visa

0% for 30 months (2.89% fee) Representative 18.9% APR (variable) Apply
Representative example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 18.9% (variable), representative 18.9% APR (variable). Credit available subject to status.
W3C  Thank you for using The Four Horsemen of the Apocalypse