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You can find the current article at its original source at https://www.theguardian.com/money/2017/oct/04/asda-comes-to-the-rescue-of-drivers-with-petrol-price-cut
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| Asda ‘comes to the rescue of drivers’ with 2p petrol price cut | Asda ‘comes to the rescue of drivers’ with 2p petrol price cut |
| (4 months later) | |
| Three UK supermarket chains are cutting the price of unleaded petrol after a drop in wholesale costs. | Three UK supermarket chains are cutting the price of unleaded petrol after a drop in wholesale costs. |
| Asda was the first to announce a reduction from Thursday of up to 2p per litre at its 308 petrol stations, bringing its national price cap down to £1.14 a litre. Morrisons and then Sainsbury’s followed suit. The cost of filling up with diesel at these retailers will be unchanged, as the wholesale price is static. | Asda was the first to announce a reduction from Thursday of up to 2p per litre at its 308 petrol stations, bringing its national price cap down to £1.14 a litre. Morrisons and then Sainsbury’s followed suit. The cost of filling up with diesel at these retailers will be unchanged, as the wholesale price is static. |
| Average unleaded prices across the UK reached a six-month high of £1.19 in recent weeks, according to the latest figures from the Department for Business, Energy and Industrial Strategy. Diesel forecourt prices hit the £1.21 mark for the first time since early May. | Average unleaded prices across the UK reached a six-month high of £1.19 in recent weeks, according to the latest figures from the Department for Business, Energy and Industrial Strategy. Diesel forecourt prices hit the £1.21 mark for the first time since early May. |
| Unleaded prices soared as a result of Tropical Storm Harvey disrupting oil refining in Texas, while diesel has become more expensive as the price of a barrel of oil has increased. Steve Mosey, services director at Morrisons, which has 333 filling stations across the UK, said: “We are responding quickly and aim to be the cheapest retailer in every town where we sell petrol.” | Unleaded prices soared as a result of Tropical Storm Harvey disrupting oil refining in Texas, while diesel has become more expensive as the price of a barrel of oil has increased. Steve Mosey, services director at Morrisons, which has 333 filling stations across the UK, said: “We are responding quickly and aim to be the cheapest retailer in every town where we sell petrol.” |
| Motoring groups welcomed the move and urged other retailers to follow suit in order to help hard-pressed consumers. “A day after we called for a price cut, it’s encouraging to see the supermarkets have responded by taking 2p off a litre of unleaded,” said the RAC’s fuel spokesman, Simon Williams. | Motoring groups welcomed the move and urged other retailers to follow suit in order to help hard-pressed consumers. “A day after we called for a price cut, it’s encouraging to see the supermarkets have responded by taking 2p off a litre of unleaded,” said the RAC’s fuel spokesman, Simon Williams. |
| “Despite a similar cut in late September, the conditions have been right for a further reduction for nearly two weeks, so it’s a shame, in the interests of price transparency, this hasn’t come sooner. What motorists need now is for every petrol retailer, large and small, to do the same to bring down the average price from £1.19 a litre to £1.17. Looking at the wholesale petrol market, there are good signs that prices could go lower still.” | “Despite a similar cut in late September, the conditions have been right for a further reduction for nearly two weeks, so it’s a shame, in the interests of price transparency, this hasn’t come sooner. What motorists need now is for every petrol retailer, large and small, to do the same to bring down the average price from £1.19 a litre to £1.17. Looking at the wholesale petrol market, there are good signs that prices could go lower still.” |
| Luke Bosdet, fuel spokesman for the AA, said: “Once again, Asda has come to the rescue of drivers who were facing a miserable start to the autumn – caught between rising road fuel bills, with winter making cars more thirsty, and other retailers dragging their feet on price cuts, as they did in 2005 following Hurricane Katrina. | Luke Bosdet, fuel spokesman for the AA, said: “Once again, Asda has come to the rescue of drivers who were facing a miserable start to the autumn – caught between rising road fuel bills, with winter making cars more thirsty, and other retailers dragging their feet on price cuts, as they did in 2005 following Hurricane Katrina. |
| “Let’s hope other retailers react quickly to bring down their prices, so that drivers don’t have to rely on a postcode or supermarket lottery. Unfortunately, it will be the small, rural towns where pump prices will remain higher.” | “Let’s hope other retailers react quickly to bring down their prices, so that drivers don’t have to rely on a postcode or supermarket lottery. Unfortunately, it will be the small, rural towns where pump prices will remain higher.” |
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| Petrol prices | Petrol prices |
| Asda | Asda |
| J Sainsbury | J Sainsbury |
| Morrisons | Morrisons |
| Retail industry | Retail industry |
| Supermarkets | Supermarkets |
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