Morrisons supermarket cuts fuel prices again
Monday saw Morrisons kick start what should be a fuel price war amongst supermarket petrol stations, with yet another £0.02 per litre cut in the price of diesel and unleaded petrol.
Morrisons said that in the last 20 days they’ve cut an amazing £0.10 off a litre of diesel and £0.08 off a litre of unleaded petrol. They estimate that customers will benefit to the tune of around £5 per full tank of fuel. A much needed restbite for commuters who have no choice but to use their cars for work.
Morrisons is the UK’s 4th largest supermarket leading the way when it comes to fuel prices on their forecourts. Last month saw the first round of fuel price cuts with Asda, Tesco, and Sainsbury’s all following in Morrisons footsteps.
Phil Maud, petrol director at Morrisons, said: “Monday morning will seem a good bit brighter for drivers today with yet more welcome news from Morrisons.”
“We’ve proved it over and over again. When the price of crude and refined product falls, our customers are the first to see the price at the pumps fall as well, with no catches.”
“This is another simple price-crunching reduction and shows yet again that we’re committed to delivering real value for all our customers - whether they’re filling up at our forecourts or shopping in our stores.”
In the last month the price of oil has dropped almost $30 a barrel and the theory is that slower economic growth is reducing global demand. The question I’d like answering is why isn’t $30 a barrel less reflected in even lower fuel prices here in the UK?
August 12th, 2008 at 11:53 am
I think the politicians are taking the opportunity to line their pockets while they think the consumer will blame global fuel prices. Isn’t it that 70% of the price of petrol is tax? Good on Morrison’s making a stand, thought it would get to the point where people just couldn’t afford to get to work! Although they could then turn to cycling which would help the obesity crisis but that’s surely for another blog entry!
James
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