Supermarkets slash fuel prices

8 August 2016 - Janet Bird

supermarkets slash fuel prices

Three of the 'Big Four' supermarkets have slashed fuel prices by up to 2p per litre.

Morrisons was the first to act, reducing its unleaded prices by 2p per litre and knocking 1p per litre of the cost of diesel in a bid to allay fears of post Brexit fuel cost increases.

Competitors Tesco and Asda were quick to follow, with Asda announcing a cap on fuel prices at its service stations nationwide to ensure motorists do not have pay more than 105.7p per litre for unleaded and 106.7p per litre for diesel. Tesco dropped its prices by up to 2p per litre across its 500 UK filling stations.

The reductions mean fuel prices are up to 5p per litre less than they were this time last year.

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