posted 4 years ago

Sainsbury’s lead in the fuel price cut

Sainsbury’s have dropped the prices of unleaded petrol and diesel by 3p per litre at its 266 petrol stations across the country

Sainsbury’s have dropped the prices of unleaded petrol and diesel by 3p per litre at its 266 petrol stations across the country. The move will hopefully spark a supermarket petrol price war as big retailers normally follow each other when one slashes its prices.

Richard Crampton, Sainsbury's head of fuel, said “we know that fuel continues to be a big part of many household budgets and we are committed to helping our customers cut down on cost whenever we can. Wholesale fuel prices have dropped across Europe and we are delighted to pass these savings onto our customers.”

Despite recent cuts at the May Bank Holiday which reduced the monthly fuel costs for a family with two cars by almost £9 the AA said last week that prices should be lower still. Prices have fallen by an average of 4 pence a litre in a month but the AA say they should be 6 pence lower than they are.

Petrol prices hit an all-time high in the UK last month due to the high price of crude on the world markets. Retailers have said that a recent decline in the price of crude oil on the global markets has allowed them to lower their prices.