UK Petrol prices fall further
Motorists are set for cheaper petrol at the pumps after one of Britain’s largest supermarkets announced further price cuts from this morning.
Sainsbury’s said that prices of unleaded petrol and diesel will fall by 3 pence a litre at its 266 petrol stations across the country today.
The move by Sainsbury’s is the latest in a series of price cuts for motorists in recent weeks. Retailers have said that a recent decline in the price of crude oil on the global markets has allowed them to lower their prices.
According to the AA, the average price of a litre of unleaded petrol was 138.4 pence last week. This was down from 142.5 pence in April.
Petrol prices hit an all-time high in the UK last month due to the high price of crude on the world markets. However they started to come down soon after that.
Despite the cuts – which have reduced the monthly fuel costs for a family with two cars by almost £9 – the AA said last week that prices should be lower still.
Sainsbury's is backing its 3p cut with a sales promotion which offers a further 5p off per litre voucher for customers spending £50 in stores or online.