Tesco slashes prices at the pumps

Danny Lawson/PA

Relief comes to customers at the petrol pumps this week as Tesco makes the first move in a potential price war.

The supermarket is offering 10p off a litre of fuel for customers who spend more than £60 in-store and online.
Under the deal, shoppers have until February 5 to spend £60 and get the discount, which will last for a set period of around two weeks.

Richard Brasher, Tesco's UK chief executive, said: "We know families are feeling the pinch in these tough times so I am pleased we can offer customers some extra value at the pumps."
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The petrol offer is only available on groceries in-store and Tesco's grocery website and excludes certain products including infant formula and tobacco.

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Tesco slashes prices at the pumps

This takes time, but once you know the cost of a phone call, putting the dryer on, or a bag of potatoes, it enables you to judge far better how much you can afford to consume.

Once you know the base price, you are in a position to keep your eyes open for a better offer. If you see a discount you can judge for yourself whether it actually constitutes a bargain. For bigger things like utilities it enables you to do a proper price comparison and see if you can cut your bills.

Don't just assume that the premium range is better, try the every-day brand, or even the basic version and see if you spot the difference. Likewise, consider trading down your supermarket from one of the big players to local markets or discounters like Aldi.

If you plan what you buy to match what you actually cook and eat then not only will you be able to budget far more effectively, but you'll also waste much less and find your money goes further without you having to try.

If you can't think of a way to get your meat for less, consider a vegetarian day once a week. If you can't find petrol any cheaper, then work on making your driving as efficient as possible. The more you can think of clever alternatives the less you will have to make painful cuts to make ends meet.

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Eyes will now be on the other big supermarkets to see if Tesco's rivals hit back with similar offers.

The supermarket has been bumping up in-store promotions and offers, most recently pushing a campaign which gave customers a £5 voucher when they spent £40 on groceries.

It appears Tesco is attempting to recoup from its 'disappointing' festive performance, which saw a 2.3% decline in like-for-like sales excluding VAT and petrol in the six weeks to January 7.

The supermarket giant has pledged to invest 'hundreds of millions' in improving the quality and range of its products and further lowering prices.

Is Tesco your supermarket of choice? And if not, would this offer grab your attention? Let us know in the comments below.
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