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 2 | Version 3 |
|---|---|
| Supermarkets slash petrol prices to four-year low | Supermarkets slash petrol prices to four-year low |
| (34 minutes later) | |
| Prices at the pump are set to fall to a four-year low as Britain's leading supermarkets pass on the savings from a dramatic plunge in global oil prices with a new round of cuts. | Prices at the pump are set to fall to a four-year low as Britain's leading supermarkets pass on the savings from a dramatic plunge in global oil prices with a new round of cuts. |
| Tesco is slashing its petrol and diesel by 2p and 1p respectively at all of its 500 filling stations across Britain starting Friday lunchtime. | |
| The announcement comes 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 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. |
| “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. | “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 RAC motoring organisation had previously called on retailers to pass on wholesale savings in time for Christmas. Asda, Sainsbury's, Morrisons and Tesco have all lowered their prices. | |
| 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. | 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. |