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Three of the UK?s largest supermarkets have fired the
starting gun on a new price war over petrol, with
Sainsbury?s responding to price cuts by Asda and
Morrisons.
Asda, which operates 170 forecourts in the UK, yesterday
said it was cutting the price of unleaded and diesel by
3p a litre. Morrisons, which controls 285 forecourts,
subsequently announced cuts of 4p a litre.
Sainsbury?s later said it was slashing unleaded and
diesel prices by 5p a litre for customers that spent ?50
or more at its stores over the next fortnight.
The cuts come after the price of crude oil has dropped
from a record high in recent weeks.
?We are seeing a more stable reduction in oil prices,
allowing us to pass on the savings to customers,? Asda
trading director David Miles is quoted as saying in the
Independent. ?We urge other retailers to follow our lead
at a time when customers need as much help as possible.?
Morrisons group store operations director Mark Gunter
told the paper: ?The cost of crude oil and refined
product has fallen in the last few days and we are
ensuring our customers reap the benefit by passing on
the saving quickly, for cheaper prices at the pumps.?
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