Supermarket sparks fuel price war - News in brief - Evening Standard
       

Supermarket sparks fuel price war

A supermarket has signalled the start of another round in the fuel price war when it cut 2p off the price of a litre of diesel and unleaded.

Britain's fourth-biggest supermarket, Morrisons, announced the reduction, which came into effect at 6am on Monday and makes the national average at its 285 forecourts 109.9p per litre for unleaded and 121.2p for diesel.

Tesco followed the move by pledging it would match the lowest petrol price in the local area at all its forecourts.

And Asda said it would drop prices to 109.9p per litre for unleaded and 121.9p for diesel nationally from Wednesday morning.

Oil prices have dipped nearly 30 US dollars a barrel in the past month amid mounting concern that slower economic growth is reducing global demand.

The move by supermarkets comes days after a survey revealed British motorists are forking out far more for their fuel than drivers in the major European vehicle-owning countries, a survey shows.

When Britons were paying around 119p a litre for petrol last month, Spanish drivers were being charged only 96p, the survey found.

Petrol and diesel was also cheaper in Germany, France and Italy, with diesel in Spain at £1 a litre compared with 133p a litre in the UK.

A Morrisons spokesman said the retailer's latest move meant it had cut 10p a litre off its diesel prices in the past 20 days, and 8p a litre off the price of unleaded on its forecourts in the same period.

It estimates customers will be paying up to £5 less for a full tank of fuel than they were just three weeks ago.

News in brief in Pictures

Don't Miss
Rock star: Erin Wasson

Rock star

Erin Wasson is the ultimate anti-supermodel
Maybe it’s because she’s a Londoner … Happy anniversary, Ma’am

Happy anniversary

The monarchy has become stronger and more respected in the past 60 years
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity