Home news Supermarket petrol price war breaks out in Derby

Supermarket petrol price war breaks out in Derby

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Motorists filling up at major supermarkets across Derby are to benefit from cheaper fuel from this weekend thanks to a new price war.
Asda was the first to announce today that it would be cutting the cost of petrol by 2p a litre and diesel by 1p.
Morrisons, Tesco and Sainsbury’s quickly followed suit. The lower prices are due to come into force from Saturday.
Asda said it was reducing prices at its 308 forecourts – including at its Sinfin and Spondon stores – after a sharp increase was caused by hurricanes Harvey and Irma in the US.
It brings the national price cap down to 115.7p per litre on unleaded and 116.7p per litre on diesel.
Sainsbury’s has 309 forecourts, including filling stations at Kingsway Retail Park, Wyvern Retail Park and Osmaston Park Road.
It said that in addition to the lower price, customers would also be able to collect Nectar points on every fill-up, one point on every litre purchased.
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Keith Black, Sainsbury’s petrol category manager, said: “This is a nice piece of news for our customers on the roads this weekend.
“We always aim to provide our customers with fantastic prices and great quality across all of our products and services and we hope this price drop will help them to keep costs down as they start thinking ahead to Christmas.”

Asda was the first to announce the price cuts with other supermarkets then following suit
According to RAC fuel spokesman Simon Williams, the fuel price cuts are welcome as the average cost of a litre has risen by an average of 3p since the middle of August due to storms hitting the US Gulf Coast and disrupting oil refineries.
He said: “This is some very welcome relief for motorists who are now paying nearly 120p a litre for unleaded – the highest since March – while the average price at the big four supermarkets is 117p.

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Something for the shopaholics out there

“This latest cut from the supermarkets should force forecourt reductions across the country, hopefully bringing prices down by 2p a litre everywhere.
“Strangely, this has all come at time when the oil price has increased by around $7 a barrel since mid-August, but it is the strengthening of the pound to $1.35 that has made the big difference as fuel like oil is traded in dollars.”
At the moment, according to comparison site PetrolPrices.com, the cheapest unleaded fuel and diesel in Derby can be found at Sainsbury’s forecourt at the Wyvern Retail Park, where both fuels cost 115.9p a litre.
Source: Derby Telegraph