Big re­tail­ers cut prices at the pumps

Royal ran­som: Queen’ s baby coat set to fetch £3k at auc­tion Fuel: De­ci­sion passes on fall in costs

The Press and Journal (Aberdeen and Aberdeenshire) - - NEWS -

Three su­per­mar­kets have cut fuel prices fol­low­ing claims that re­tail­ers were re­fus­ing to pass on a drop in whole­sale costs.

Asda, Mor­risons and Sains­bury’s have re­duced the price of un­leaded by up to 3p per litre and diesel by up to 2p.

Drivers have suf­fered a rise in fuel prices al­most every day since the end of April de­spite whole­sale costs com­ing down by around 2.5p per litre since May 24.

The RAC says re­cent falls in whole­sale costs have been caused by the US drilling for more oil than in re­cent years, in­creased out­put from Russia, and spec­u­la­tion that oil-pro­duc­ing group of na­tions Opec will end its re­stric­tion on pro­duc­tion.

On Mon­day av­er­age UK fore­court prices stood at £1.29 per litre for un­leaded and £1.33 for diesel – the most ex­pen­sive both have been since Septem­ber 2014. Drivers will pay no more than £1.25 per litre for un­leaded and £1.28 for diesel at Asda’s 318 fill­ing sta­tions.

It was the first su­per­mar­ket to an­nounce a price cut on Wed­nes­day. Asda chief ex­ec­u­tive Roger Burn­ley said: “We know the cost of liv­ing is cen­tre of mind for our cus­tomers and we will al­ways do what­ever we can to re­duce that bur­den.

“Cus­tomers can trust us to lead the way when it comes to low­er­ing the price of fuel and putting cash back in their pocket.”

RAC spokesman Rod Dennis said: “At last, re­tail­ers have done the right thing and started to cut prices at the pumps.

“We could see no jus­ti­fi­ca­tion for them hold­ing on to sav­ings they have been ben­e­fit­ing from.

“It is ab­so­lutely right that at times when whole­sale prices are fall­ing, fore­court prices fol­low suit.”

“At last re­tail­ers have done the right thing and cut prices”

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