This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.independent.co.uk/news/business/news/supermarkets-slash-petrol-prices-ahead-of-christmas-9920524.html
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Supermarkets slash petrol prices ahead of Christmas | Supermarkets slash petrol prices ahead of Christmas |
| (35 minutes later) | |
| Tesco has cut its petrol and diesel prices as the race for cheaper fuel among major supermarkets ahead of Christmas heats up. | |
| Starting lunchtime today, Tesco is reducing the price of its petrol by 2p and diesel by 1p at all of its 500 filling stations across Britain. | Starting lunchtime today, Tesco is reducing the price of its petrol by 2p and diesel by 1p at all of its 500 filling stations across Britain. |
| “If Tesco drop their petrol pump price by 2p a litre on all their forecourts, their presence as the UK’s biggest fuel retailer by market share could knock the UK’s average price of petrol down by a penny a litre over the weekend, ” says AA spokesman Luke Bosdet. | |
| The announcement comes shortly after rival supermarket Asda slashed its prices for the second time this week, knocking 2p off a litre to a 4-year low at 112.7p per litre of unleaded. Asda is also reducing its diesel by 1p a litre, taking the price to 118.7p a litre. | The announcement comes shortly after rival supermarket Asda slashed its prices for the second time this week, knocking 2p off a litre to a 4-year low at 112.7p per litre of unleaded. Asda is also reducing its diesel by 1p a litre, taking the price to 118.7p a litre. |
| Amid failling oil prices, supermarkets have introduced a number of fuel reductions over the last few weeks. Asda, Sainsbury's, Morrisons and Tesco have all lowered their prices.The RAC motoring organisation had previously called on retailers to pass on wholesale savings in time for Christmas. | Amid failling oil prices, supermarkets have introduced a number of fuel reductions over the last few weeks. Asda, Sainsbury's, Morrisons and Tesco have all lowered their prices.The RAC motoring organisation had previously called on retailers to pass on wholesale savings in time for Christmas. |
| The price of oil has been falling since summer on oversupply concerns and in-fighting within the OPEC cartel with Saudi Arabia refusing to cut output. Brent crude prices have plunged from $115 in June to a five-year low of $60 a barrel. |