Supermarkets announce 2p per litre diesel cut

Motoring and Travel

Updated on 09 April 2013 | 7 Comments

Tesco, Asda, Sainsbury's and Morrisons have all announced price cuts of up to 2p per litre on the cost of diesel.

Four supermarkets have announced cuts to the price of diesel.

Morrisons, Sainsbury’s, Tesco and Asda will each be cutting the price of a litre of diesel by 2p. The cuts come into force from Wednesday morning.

Just last month the same supermarkets all announced similar price cuts to both petrol and diesel within a few hours of each other, as we explained in Sainsbury's sparks new petrol price war with 4p cut.

Supermarkets have become significant players in the fuel sector in recent years, with their market share growing from 29% in 2004 to 39% today.

And their presence has led to a lowering of prices in the surrounding areas, according to Office of Fair Trading research. It found that towns with at least one supermarket forecourt in the area lead to pump prices that were 0.7 pence per litre cheaper for petrol and 0.5 pence per litre cheaper for diesel.

However, don’t just rely on filling up near a supermarket in order to get the lowest price on your fuel. Check out our tips in How to find the cheapest diesel and petrol prices.

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