22-07-2008, 10:06 AM
news.bbc.co.uk Wrote:UK drivers are set to benefit after a number of supermarkets have all said they will lower the price of petrol.
Asda said it would cut the price of unleaded petrol and diesel by 3 pence per litre, while Morrisons said it would cut both prices by 4p per litre.
Sainsbury's said it would look to match its rivals in local areas, and offer an extra 5p off per litre for customers who spend £50 or more on food in store.
Fuel prices have surged in recent months as crude oil hit record levels.
However, while oil prices rose at the start of the month, they have fallen recently.
Helping hand?
Asda said the price change would be effective from Tuesday, making unleaded petrol 113.9p per litre while diesel would cost 128.9p.
David Miles, Asda's trading director, said: "We are seeing a more stable reduction in oil prices, allowing us to pass on the savings to customers.
"We urge other retailers to follow our lead at a time when customers need as much help as possible."
Morrisons said its price change would come into effect on Monday "ensuring customers reap the benefit by passing on the saving quickly, for cheaper prices at the pump".
Sainsbury's said its fuel promotion would start on Thursday 24 July and end on Thursday 7 August.
It explained in a statement that: "Our customers can reap an even bigger reward because we are running a 5p off per litre promotion when they spend £50 or more in-store and they will earn Nectar points as well."
'Dragging their feet'
The AA said that wholesale gasoline prices had fallen 6% since mid-July and it said other fuel retailers should follow the supermarkets' lead and cut petrol prices.
"The AA expects fuel suppliers to pass on, not pocket, the saving for the good of UK families, hauliers and the economy," said AA president Edmund King.
"Should fuel suppliers and retailers appear to be dragging their feet we will seek to expose this."
Though oil prices have fallen in recent days the expectation is that they will remain high.
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we`ll see if it goes down elsewhere-i live in hope !!!