Morrisons, Tesco, Asda and Sainsbury's cut diesel prices by up to 2p per litre

Second supermarket diesel price cuts in less than a fortnight.

Morrisons, Tesco, Sainsbury's and Asda have cut the cost of diesel across their forecourts by up to 2p per litre, for the second time in less than a fortnight.

Morrisons was the first to act and said the reduction meant its average diesel prices are now cheaper than unleaded for the first time in 14 years.

The saving will apply to all 336 Morrisons petrol stations across the UK, though for commercial reasons the supermarket did not disclose the average cost.

Tesco reacted soon after and announced it was cutting the cost of diesel by up to 2p per litre across its network of 500 filling stations from 1pm on Monday afternoon.

Sainsbury’s and Asda were slower to make a move, but eventually both matched the 2p per litre cuts on diesel prices, though motorists will only benefit from the reduction tomorrow (Tuesday).

Asda, which has a national price cap on fuel at all its filling stations, says motorists won’t pay more than 112.7p per litre at any of its 272 forecourts.

Wholesale savings

Motoring organisations, including the RAC, have criticised fuel retailers for not passing on savings from the drop in wholesale prices on diesel.

The RAC said drivers could have paid as much as £250 million more than they needed to as a result.

But it looks like retailers are finally catching up and filtering savings through to drivers.

Mark Todd, Petrol Director for Morrisons, said: “Because of the recent price drops in the wholesale diesel price, we are able to pass on these savings to our customers. This is a milestone in motoring and many younger drivers won’t remember the last time that diesel prices were lower than unleaded."

According to the latest figures from PetrolPrices.com, the average diesel price at the end of last week was 118.21p per litre, while the lowest available price was 112.9p per litre. The average price of a litre of unleaded was 116.75p, with the lowest at 110.9p.

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