Supermarkets cut petrol prices

PetrolMotorists have received some late-autumn cheer in the form of supermarket cuts to the price of petrol.

Asda, Morrisons, Sainsbury's and Tesco all announced that reductions would take effect from tomorrow.
%VIRTUAL-SkimlinksPromo%Asda said that no one filling up at its forecourts would pay more than 126.7p a litre for petrol from tomorrow , with diesel priced at 133.7p.

Morrisons said from Wednesday it would be bringing down the price of both its diesel and unleaded by up to 2p a litre "at the majority of its sites".

The Sainsbury's reduction is "up to 3p a litre" off petrol and diesel at all its forecourts, while Tesco is bringing its petrol and diesel prices down by "up to 2p a litre".

RAC head of external affairs Pete Williams said: "Motorists should be pleased that fuel retailers have acted so swiftly in lowering prices at the pumps following a reduction in wholesale prices.

"The wholesale price of petrol is now at a year-low of around one pound a litre whereas the diesel price is unfortunately still several pence a litre away from its low point in early May (104.87p).

AA public affairs head Paul Watters said: "Asda's pump price cut is a bold move. Although it reflects a fall in the wholesale price of petrol during last week, the continued disruption of Libyan oil production continues to leave the market volatile and unpredictable."
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