Tesco wins petrol price war, cutting costs more than Sainsbury, Asda & Morrisons
Supermarkets have spent Friday frantically cutting petrol and diesel prices after Asda kicked off a new forecourt price war.
And now, with the four major players all accounted for, we can declare Tesco cut the most.
It all started this morning when Asda knocked another 4p off diesel and 3p a litre off unleaded at its 322 fuel stations.
It was soon followed by Sainsbury's and Morrisons following cutting prices by the same amount.
But by 3pm Tesco stepped in to match the diesel cuts, and stepped up the offer on petrol – offering 4p a litre off at its network of more than 500 stations from Saturday morning.
Tesco’s fuel buying manager Rodger Beer said: “We’re cutting the price of fuel in our petrol stations to help our customers save money by shopping at Tesco.”
It's the second time in a week that the so-called 'big four' have knocked down prices, after sparking a first wave of cuts last Friday .
The latest price cut means drivers filling up at an Asda station will pay no more than 124.7p per litre on diesel and 123.7p per litre on unleaded petrol.
Asda is the only supermarket with a national price cap, so it's possible other supermarkets will charge more than this despite cutting their prices the same or more.
Asda fuel buyer, Dave Tyrer said: "We’re pleased to once again lead another fuel price cut and to help our customers' hard-earned cash go a little further.
"When filling up at an Asda petrol station you will pay no more than 124.7ppl on diesel and 123.7ppl on unleaded which will be a welcomed boost for the millions of drivers across the country.
Ashley Myers, at Morrisons, added: "June is turning out to be a very good month for motorists as we pass on these savings to customers."
The offers will apply at all fuel stations at Morrisons, Asda and Sainsbury's.
“Compared with a week ago, we've saved drivers 7ppl on diesel or £3.85 when filling a 55 litre tank”
Sainsbury’s fuel buying manager David Pegg said: “As we head into the busy summer months we are committed to helping our customers live well for less, whether they’re stocking up on groceries or refuelling their cars.
"That’s why we’re dropping the price of diesel by up to 4p per litre and unleaded petrol by up to 3p per litre across our forecourts from 15 June . This is the second time we’ve dropped prices on fuel in as many weeks.”
Jack Cousens, head of road policy for the AA added: “Asda are providing drivers a ray of sunshine following a week of stormy weather.
“While Asda show themselves to be a friend at the pumps, others drag their heels favouring the ‘rocket and feather’ approach.
“Low income families who rely on their car need an affordable source of fuel. Providing intermittent minimum spend in store for a money off voucher are often out of reach for those who most need it.”
Jack Cousens, head of road policy for the AA said: "While Asda show themselves to be a friend at the pumps, others drag their heels favouring the "rocket and feather" approach.
"Low income families who rely on their car need an affordable source of fuel.
"Providing intermittent minimum spend in store for a money off voucher are often out of reach for those who most need it."
RAC fuel spokesperson Simon Williams added: "It’s particularly significant that diesel will now start to be priced much closer to petrol, which reflects the near-identical prices between the two fuels on the wholesale market.
"Given fuel prices have been climbing steadily since February, it is important that on those occasions when wholesale prices fall significantly that this is quickly reflected at the pumps – even if that is for a relatively brief period.”
More ways to save money on petrol
Fill up at busy petrol stations – These stations buy more fuel and can take advantage of falling prices. “The big petrol stations have deliveries every day so they can change the price,” Arthur Renshaw, of petrol station analyst Catalist Experian, told The Mirror . “But a small petrol station in a village may have a delivery every couple of weeks.”
Choose a big station – Stations buy their fuel on the wholesale market. Just as in any other negotiation, the big buyers are better able to strike a deal.
Look for a cluster of stations – When several stations are close together, they are more likely to cut prices to tempt drivers in. “If you are in the Highlands and Islands of Scotland, you have much less competition than in the centre of Manchester,” said Renshaw.
Do your research – The website PetrolPrices.com allows you to compare prices in your area. It also lists the latest average prices, so you know if you’re being ripped off.
Stop by provincial towns – Airports, motorways, expensive cities and rural areas have the highest charges, according to PetrolPrices.com analysis. “The golden path is down the middle where rent is cheap,” Zaborszky explained.
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