Last week, Asda kicked off a fuel price war, reducing the cost of petrol and diesel significantly. Now, Sainsbury’s, Tesco and Morrisons have followed suit, according to fuel price information website PetrolPrices.com.
Asda’s cut in fuel prices on Friday was the second in the space of nine days. Sainsbury’s and Morrisons followed suit a day later.
Tesco then weighed in with a 4p cut to the price of a litre of both petrol and diesel, bettering competitors by a penny on unleaded. This saving is available across its full 500-station network.
It could be argued that Asda still has an edge, however, with its country-wide cap on fuel prices.
“We’re cutting the price of fuel in our petrol stations to help our customers save money by shopping at Tesco,” said Rodger Beer, fuel buying manager at Tesco.
“With oil prices falling even further than last week, the pump price has now started to reflect the drops we saw at the end of last month,” said Kitty Bates, consumer spokesperson at PetrolPrices.com.
“Diesel drivers can also rejoice, as diesel is falling back in line with unleaded prices, reducing the gap that has been there since autumn last year.”
Having our fill of fuel
The proof is in the pudding, too. In the Harpenden locale – close to the Motoring Research office – it is indeed Morrisons (123p/litre) and Sainsbury’s (124p/litre) that offer the best fuel prices, based on figures contributed to the navigation app, Waze.
We also put the prices to the test on Sunday with a fill-up at Tesco. Right on the money, at 123p per litre, it equated to £60 for 48 litres of fuel.
Brand names like Shell and BP look to be 5p more expensive, at 128p per litre. On a 50-litre fill-up that would leave you £2.50 better-off.