SAINSBURY’S has triggered a fresh price war at the pumps today cutting fuel by 2p per litre.
Rivals Morrisons and Tesco also announced a similar dip in prices as supermarket’s react to the huge fall in oil prices in the last fortnight.
Asda also confirmed that it is cutting prices by 1p per litre but a spokesperson added: “Our customers will pay no more than 110.7p per litre on both petrol and diesel.”
The big four grocers, which also includes Tesco, Asda and Morrisons, usually drop their prices at the same time.
But this is understood to be the first time in over a decade Sainsbury’s has moved first. It will make the cuts at all 309 of its forecourts across the UK.
Izzy Hexter, Sainsbury’s Fuel Buying Manager, said: “We hope this will bring a little bit of sunshine to millions of motorists braving the rain over the next few days.
“At Sainsbury’s we always aim to provide our customers with fantastic prices and great quality across every one of our products and services, so we hope this price drop will help them keep costs down over the summer – whatever the weather.”
On June 15, the big four all dropped their fuel prices by 2p per litre.
But since then oil prices have fallen even further, dipping to a 2017 low last week.
Last night the price of brent crude was just over $47, compared to around $50 at the start of the month.
Three ways to cut down your fuel costs
- Make your car more fuel-efficient. You can do this by keeping your tyres inflated, taking the roof rack off, emptying your car of clutter and turning off your air con when driving at lower speeds.
- Find the cheapest fuel prices. Use PetrolPrices.com. All you need to do is enter in your postcode and tell it how far you want to travel (up to 20 miles)
- Drive more efficiently. Some ways to do this, include:
- Accelerate gradually without over-revving
- Always drive on the highest possible gear
- If you can, allow your car to slow down naturally as your brake is a money burner
- Re-starting your car is expensive, if you can keep moving