Supermarkets cut fuel prices by up to 2p per litre

Supermarkets cut fuel prices by up to 2p per litre

26/09/2017

Supermarkets across the UK are leading the way in reducing fuel prices, which is great news for UK businesses and fuelGenie customers.

Tesco, Sainsbury’s and Morrisons are amongst those who have announced a price cut on both diesel and unleaded petrol. The announcement follows the initial rise in average petrol price throughout the past month.

The RAC welcomed the moves, which spokesperson Simon Williams said would come as “welcome relief for motorists who have suffered a 3p a litre rise in the average price of petrol since mid-August".

He added: "Unleaded prices rose as a result of Hurricane Harvey disrupting oil refining in Texas, while rising oil prices have put an upward pressure on the cost of diesel".

Tesco and Sainsbury’s customers will now experience a 2p per litre cut on unleaded fuel, and 1p off diesel. Morrison’s forecourts will also see diesel and unleaded prices down by an impressive 2p per litre.

Mr Williams also commented: “It’s also the strengthening of the pound against the dollar that has allowed the supermarkets to bring petrol prices down, as oil is traded in dollars.”

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