Sainsbury's sparks new petrol price war with 4p cut
Another fuel price war has kicked off among the major UK supermarkets.
Sainsbury’s will be cutting 4p off the price of petrol and 3p from diesel in its forecourts from tomorrow (Wednesday) as a result of falling wholesale prices.
This news was shortly followed by announcements from all the major supermarkets.
Asda, is to slash 3p off the price of petrol and 2p off the price of diesel. Morrisons and Tesco are cutting their prices (diesel and petrol) by 2p and 3p respectively, all from tomorrow.
Asda says customers will pay no more than 141.7p for diesel and 134.7p for unleaded petrol.
Although the price drop isn’t as big as that from Sainsbury’s, Asda says it’s the only supermarket to have one flat-rate price across the country when it cuts petrol prices.
The 4p drop in petrol from Sainsbury’s is one of the biggest cuts made to petrol prices in recent years, and will be welcomed as petrol and diesel have edged towards record highs again recently.
Supermarket sweep
This competition between supermarkets on fuel, which generally starts with one announcing a cut and the others following quickly afterwards, is not a new phenomenon.
Back in October we reported that Asda, Morrisons, Sainsbury’s and Tesco all slashed prices, by around 2p a litre, following a fall in the wholesale price of petrol.
To make sure you’re paying as little as possible for your petrol, read How to find the cheapest diesel and petrol prices. And if you have an American Express card, you can save £15 on a £50 spend at Shell petrol stations by linking your card to location app Foursquare. Read more in American Express offers cashback through Foursquare app.
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As some posters here have mentioned, if the tax is cut on fuel then it has to be paid for. As I have mentioned, eliminating the £18 billion per year paying for fatuous Climate Change Municipal Warlocks and the rest of the unworkable "green" agenda would enable taxes on fuel to be genuinely slashed. Government at all levels is still overspending and wasting in other areas such as subsidies for empty buses and building municipal monuments such as County Halls and Civic Centres. Put the money back in the peoples' pockets. Local and central government should serve the people not the other way round.
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I also think the word 'slashed' is not appropriate for what is actually a 2-3% reduction. Slashed would infer something like 20-30% reduction. The thing people have to bear in mind is if tax element of fuel was radically reduced, where would that treasury revenue be claimed? What other taxes would need to be invented or which should increase to fill the hole? Or should services be cut, or should we borrow even more? (BTW, I believe they is still vasts amounts of government waste that could be addressed to save money) Answer on a postcard to the usual address please. Easy to moan and say fuel price is too high, and blame 'the government' and then have absolutely NO ideas on how to tackle the problem.
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Considering cuts in services, cost, inconvenience and overcrowding, public transport is a poor substitute for travelling where you want, when you want and in the privacy and comfort of your own transport. And the government know that - I don't blame retailers (who, as mentioned make very little on fuel itself) for fuel prices but wholesalers who only have an "up" button on their pricing computer and the government who can't resist a good con when it comes to filling their financial black holes.
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14 March 2013