Diesel prices to drop this weekend at supermarket forecourts
Supermarkets are cutting the price of diesel this weekend.
Asda, Sainsbury’s and Tesco will reduce the price of diesel from Saturday 7th June by up to 2p a litre, bringing the price down to the lowest level since February 2011.
With the latter supermarket, drivers can make additional savings by taking advantage of Clubcard Fuel Save, which can be worth up to 20p per litre. For more read Tesco launches Clubcard Fuel Save discount scheme
Mark Todd, Petrol Director for Morrisons, confirmed that his supermarket will follow suit, but wouldn't confirm the size of the cut, saying: "Diesel prices are already very competitive and we’ll cut prices tomorrow morning to ensure this remains the case."
The drop comes after the RAC called on UK fuel retailers to pass on wholesale savings at the pump, pointing out that the wholesale cost is now almost the same as petrol, yet forecourt prices are 6p a litre more expensive on average.
It also said that retailers were making almost double the expected 4p profit on each litre of fuel. This meant that filling an average 55-litre diesel tank generated an extra £1.92 in revenue.
RAC fuel spokesman Simon Williams said: “Transparent, fair fuel pricing is vital for the economy and to maintain the trust of motorists.”
The price of wholesale diesel has fallen significantly, says Asda, which was the first to announce a cut.
The price of unleaded fuel will remain unchanged.
The RAC report that unleaded fuel is now 4p a litre cheaper than a year ago, down to 130.2p from 134.5p, and diesel is nearly 3p cheap, down to 136.2p from 139.1p.
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All the staff at my local Tesco are very friendly and very helpful. Haven't noticed an increase in the price of diesel locally but I welcome the drop; even if they had increased the price two weeks ago then 2p per litre reduction is better than leaving the price as it was. Why are so many people's glasses half empty? If you resent Tesco so much then don't shop there. Buy your petrol at another supplier, not all of them are 8p-10p more expensive. Personally, I'll go for the lower price.
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I don't trust Tesco's marketing strategy on fuels or anything else. They are currently enjoying the sales success (decline) they deserve. In my local Tesco the only staff with a modicum of courtesy for customers were employed on the site years ago when it was a Co-Op store. All the Tesco trained staff are obnoxious, to the extent that when Morrisons were recruiting locally, not a single Tesco employee was able to 'defect'. The Aldi and Lidl sales model wipes the floor with Tesco and the number of British products bought by the German stores is amazing. When we had all the Olympic hype and stores were full of tat with Union Jacks it was Lidl and Aldi with a good range of British made memorabilia. I have always believed that any products with the Union Jack on them should either be UK made, or carry a 25% import duty. Tesco have no scruples or care for the UK economy. I did laugh when their US marketing strategy fell flat, but then, having your stores named in a way which means 'Drunk and Slutty' in US parlance was a brilliant starting point.
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Here we go again with the big Tesco con.Our local store put up the price of diesel by a penny earlier this week, following an increase of a penny a couple of weeks ago. When they knock off the 2p to a fanfare of trumpets they are only putting it back to the price it was a couple of weeks ago, before their blatant profiteering. Every little helps, well it helps Tesco anyway.
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10 June 2014