Long-awaited
supermarket fuel price war
Petrol prices in 2017 - predictions
from the petrol prices monitoring website - see our news item in December 2016.
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Posted:
170317 |
Recently
fuel prices have been at their highest levels since December
2014, following several months of consecutive price increases.
These increases have been caused by a perfect storm of rising
oil prices and the fall in Sterling against the US Dollar following
the outcome of the referendum to leave the European Union last
year. The average price of petrol in February 2017 was almost
20 pence more per litre compared to February 2016. For further
details, you can compare historical fuel prices here. However,
this week things have begun to change. Asda and Morrisons announced
price cuts on Monday which finally triggered a long-awaited
new supermarket fuel price war. See PetrolPrices.com
Asda revealed that they will be selling unleaded petrol for
114.7p per litre and diesel for 116.7p per litre from this
week, with Morrisons responding on Monday by tweeting the following:
"Good news for motorists! From tomorrow we're dropping
the price of unleaded and diesel by up to 2p a litre".
Tesco also joined in on Tuesday by dropping their prices by
2p a litre, and yesterday The Sun reported that Sainsburys
had followed suit and cut their prices by 2p a litre as well.
A 2p per litre cut represents a saving of over £1.30 per
tank for drivers. |
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