Supermarkets cut fuel prices again ahead of Bank Holiday
Morrisons, Tesco and Sainsbury's have cut petrol prices by 2p a litre and diesel by 1p a litre.
Morrisons, Tesco and Sainsbury’s are cutting petrol by 2p a litre and diesel by 1p a litre ahead of the August Bank Holiday.
It’s the second petrol price cut in a week and the fourth diesel reduction in six weeks. Prices are expected to fall by up to 3p a litre in the next two weeks.
Cuts are already in effect at supermarket forecourts across the country. Asda hasn’t announced any changes.
Could fuel drop to less than £1 a litre?
RAC spokesman Pete Williams said: “The decision by Morrisons, Tesco and Sainsbury's to cut petrol by 2p a litre and diesel by a penny will be warmly received by drivers planning on filling-up ahead of the busy Bank Holiday getaway weekend when we are predicting up to 14 million additional car journeys.”
Petrol prices were cut by 2p a litre just last week as wholesale fuel costs continue to fall and the pound remains relatively strong against other currencies.
Williams said that the falling price of crude oil could see average pump prices drop below £1.
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