HARD-PRESSED motorists received some respite today when supermarkets Sainsbury’s and Asda both announced fuel-price cuts.
Sainsbury’s said that from tomorrow, petrol prices at the company’s 279 forecourts will dip by 4p a litre, with diesel being reduced by 3p a litre.
Then Asda said that from tomorrow it would be cutting its petrol by up to 3p a litre and its diesel by up to 2p a litre.
Asda said that from tomorrow drivers would pay no more than 134.7p a litre for petrol and 141.7p a litre for diesel.
Sainsbury’s head of fuel Richard Crampton said: “We know that fuel is a big part of many customers’ weekly budget so we’re keen to do anything we can to help.”
Andy Peake, Asda’s petrol trading director, said: “We always aim to be the first retailer in each part of the country to drop prices when costs are falling and the last to put them up.
“When we do drop prices, we drop them everywhere, setting a maximum national price cap for our customer, which means they all benefit from our low prices, regardless of where they live.”
RAC technical director David Bizley said: “This is a welcome move by Sainsbury’s and full credit to them for being the first to pass on the recent fall in the cost of wholesale fuel prices.
“It has been anticipated by the RAC as it echoes exactly what we have been calling for since 25 February, when world petrol and diesel wholesale prices began to fall steadily.
“We are confident this drop in price will be picked up by the other fuel retailers in a similar way. It will certainly be appreciated by motorists and their families who have had to endure ever-increasing prices on the forecourts this winter.
“However, the fact remains we still need more transparency on pricing as 60% of the cost at the pump is paid in duty and tax to the Government. The RAC is campaigning with partners, such as FairFuelUK, to raise awareness of how much motorists in this country are paying compared to our European counterparts.”