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.
[SPOTLIGHT]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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