Supermarkets including Asda and Tesco cue petrol prices

WW_HenryCavill_firstlook_219_DIGITAL_2.0

Asda, Morrisons, Sainsbury's and Tesco cut their prices after fuel retailers were accused of not passing on savings from lower wholesale costs.

Supermarket giants Asda, Morrisons and Sainsbury's are locked in a pricing war after all three pledged to cut the price of fuel by 2p.

The supermarket's senior fuel buyer, Dave Tyrer, said: 'Our new national price cap of 122.7p per litre will be welcomed by the millions of drivers across the UK.

This is the second reduction in less than two weeks after it recently reduced its cap by 3p per litre.

David Pegg, fuel buying manager. "We hope that lowering fuel prices will help customers' budgets, and their cars, go further".

Asda said the 2p price cut would now mean customers would never pay more than 122.7p per litre for petrol and 134.7 for diesel.

More news: League of Legends developer Riot Games sued for gender discrimination

While paying 2p per litre less at the pumps is good news for motorists, according to figures from the RAC Foundation, wholesale costs have fallen by over 6p per litre in the last month alone, from 101.21p per litre on October 5 to 95.11p per litre on November 5.

The lower wholesale price of petrol has been brought about by an 11% fall in the price of oil during October.

Four supermarkets have announced petrol price cuts of up to 2p per litre.

This means the average cost of filling a 55-litre family auto with petrol has stayed at £71.83 when it would have been almost £2 cheaper if retailers had reflected the lower wholesale prices on forecourts, according to the research. "This is vital to the United Kingdom average price as supermarkets are so influential in fuel retailing they need to drop their prices for others to follow around the country". This is vital to the United Kingdom average price as supermarkets are so influential in fuel retailing they need to drop their prices for others to follow around the country.

"There is also better news on the horizon for diesel drivers".

Related News:

  • Three bodies found in ruins after buildings collapse in Marseille

    Three bodies found in ruins after buildings collapse in Marseille

    He added that the figures had changed little since making Marseille the European city with "the most decaying housing". However, according to neighbors, it is at the time of the tragedy could be people, particularly the homeless.
    England flanker Curry out of November tests with ankle injury

    England flanker Curry out of November tests with ankle injury

    England however are well stocked with back row options for the remaining games against New Zealand , Japan and Australia . The bottom line is we talk, our wives talk, and that's not surprising.
    Here are the candidates who made history in the 2018 midterms

    Here are the candidates who made history in the 2018 midterms

    Texas is set to send its first Hispanic women to Congress, as Democrats Veronica Escobar and Sylvia Garcia both won their races. Among the new names joining Congress after Tuesday are a host of young, Muslim, Latin, immigrant, and LGBT canidadates.
  • Final Fantasy XV DLC plans canceled amid Hajime Tabata's departure

    Final Fantasy XV DLC plans canceled amid Hajime Tabata's departure

    All except Episode Ardyn have been cancelled, with Ardyn still planned for its March 2019 release. However, no further details were divulged on what this new title is.
    Iot Market Poised to Expand at 21.5% CAGR During 2017

    Iot Market Poised to Expand at 21.5% CAGR During 2017

    Major countries in each region are considered on the basis of their revenue share and contribution to the global/regional market . To strategically profile the key players and comprehensively analyze their growth strategies .
    Watch the moment Trump LOSES IT with CNN reporter Jim Acosta

    Watch the moment Trump LOSES IT with CNN reporter Jim Acosta

    The press conference followed the US midterm elections which saw US President Mr Trump lose the House of Representatives. It is also completely disrespectful to the reporter's colleagues not to allow them an opportunity to ask a question.
  • Facebook Messenger launching new long-awaited feature

    Facebook Messenger launching new long-awaited feature

    WhatsApp, a service now also owned by Facebook , gives users 68 minutes and 16 seconds to remove a mistakenly sent message. Users of the popular messaging site and app will be given the opportunity to delete a message after it has been sent.
    Big Brother's Christmas Abbott Arrested for Criminal Mischief

    Big Brother's Christmas Abbott Arrested for Criminal Mischief

    The situation escalated and Christmas allegedly hurled insults, threw a cup of coffee and rammed the woman's auto . Christmas reportedly continued screaming at the other woman, even after police had arrived on the scene.
    Boeing jet crashed in Indonesia after key sensor replaced

    Boeing jet crashed in Indonesia after key sensor replaced

    The warning follows preliminary findings from the Lion Air crash that the angle-of-attack (AOA) sensor malfunctioned. The Federal Aviation Administration also plans to issue an airworthiness directive for the plane in question.
  • Walmart releases its Black Friday ad for holiday shoppers

    Walmart releases its Black Friday ad for holiday shoppers

    Wallmart says it will be handing out hot drinks and cookies two hours before the event kicks off on November 22, too. That's only a taste of what Meijer's has to offer, and the full ad is available at this link .
    First glimpse at new Porsche 911

    First glimpse at new Porsche 911

    The Porsche has also tackled the European Arctic Circle , roads in China, Nardo test tracks in Italy, and Germany's Nurburgring . Cold area testing, such as in Finland , focused on cold starts, heating and air conditioning, traction, handling, and braking.
    Drinking coffee 'reduces likelihood of Alzheimer's and Parkinson's'

    Drinking coffee 'reduces likelihood of Alzheimer's and Parkinson's'

    Caffeine decreases your insulin sensitivity and impairs glucose tolerance, therefore, reduces your risk of type-2 diabetes. Good news for coffee addicts - your beverage of choice may be protecting you from Alzheimer's and Parkinson's diseases .


Most liked

Pipe Bombs Suspect Held Without Bail
All of the bombs were sent through the United States postal service but none exploded and no one was injured. Prosecutors had argued before the hearing that Sayoc was too risky to be released on bail.

Uganda, at high risk for Ebola, starts vaccinating medics
The fear of transmission of the infection via the borders is heightened by the armed conflicts in the region, say officials. There are some experimental antibody based therapies that are being tried in treating the disease.

Prince Harry Praises His Dad for Walking Meghan Markle Down the Aisle
When told people have expressed worries that this would continue in the same way, Charles responds: "No". However, the prince is unrepentant about his public campaigning over the past half century.

Justice Ginsburg hospitalized after fracturing ribs in fall
She went to George Washington University Hospital in Washington early Thursday after experiencing discomfort overnight. The supreme court justice Ruth Bader Ginsburg has been hospitalized after fracturing three ribs in fall at court.

Outback mystery: Boy missing as three found dead
The bodies of two adults and a child were found late on Wednesday near Willowra, about 300 kilometres northwest of Alice Springs. Southern Desert Division Superintendent Jody Nobbs said police were yet to rule out that there may have been more passengers.

The Weeknd Catches Bra From Fan in Front of Bella Hadid
The R&B crooner has revealed that he is back in the studio working on his next album. The pair initially dated years ago, before calling it quits in 2016.

Amazon Black Friday UK starts the 16th of November
That means you'll start to see Black Friday deals on Amazon a whole week before the big day itself, which falls on November 23 this year.

Lakers sign Chandler to fill need at center
The Lakers announced a deal for Tyson Chandler and his arrival will be beneficial for James who has come under fire this term. The Lakers host Minnesota on Wednesday night. "In Tyson Chandler we addressed that need, and so much more".

CDC confirms 80 cases of polio-like illness in US
Brandon said that terrible diagnosis brought him new basketball friends and inspired him to one day pursue a career in medicine. "My goal with the children with AFM was to restore hip stability and then motion of the upper legs", Dr.

Rebel Wilson apologises for plus-size comments
She continued: "To be part of a problem I was hoping I was helping makes it that much more embarrassing & hard to acknowledge". She later defended her previous remark, which did not go unnoticed by Mo'Nique. "So there's a slight grey area".

Dutch man, 69, starts legal fight to identify as 20 years younger
We even have the right to change our name. "I can take up more work", he said. If I'm 49, then I can buy a new house, drive a different vehicle .

Russian FM: Israeli Strikes in Syria Will Increase Regional Tensions
The Syrian forces were responding to an Israeli air raid against a suspected weapons depot linked to Iran in western Syria. Turkey has staged two incursions into northern Syria since 2016 with a declared aim of curbing Kurdish militant groups.

Jose Mourinho's improper conduct verdict to be appealed by the FA
Mourinho had been thought to have escaped a touchline ban following the original commission decision but this now remains a possibility.

Facebook Messenger will let iPhone users unsend messages
Users of the popular messaging site and app will be given the opportunity to delete a message after it has been sent. It'll only let you unsend messages for up to 10 minutes after you first send them.

Lewis Hamilton not ruling out Ferrari move
We have no idea, but like always that won't stop us from guessing! But I feel like I still have that hunger they are coming in with".