Menu
05/01/2005
Asda cuts fuel prices as pump war heats up
One of Britain's leading supermarket chains, Asda, has sparked a potential petrol price war, after slashing 3p off the cost of a litre of unleaded petrol.
The Wal-Mart owned group said the price reduction was in response to an over-supply in the market. It will mean that unleaded petrol will now cost 76.9p per litre. However, Asda have stated that the reduction will not apply to diesel.
Rival supermarket chain, Tesco, have already responded to the move and have pledged to cut its petrol prices as well.
The price cuts come almost a month after Morrisons ignited a price war at the pumps by reducing the price of unleaded petrol by 3.5p to 79.9p per litre.
Analysts have said that the fall in oil prices after the record high levels last year was probably the cause of the reductions.
Asda have echoed those claims, with a spokesman stating that an over-supply of gasoline in the market had driven international prices down.
(KmcA/SP)
The Wal-Mart owned group said the price reduction was in response to an over-supply in the market. It will mean that unleaded petrol will now cost 76.9p per litre. However, Asda have stated that the reduction will not apply to diesel.
Rival supermarket chain, Tesco, have already responded to the move and have pledged to cut its petrol prices as well.
The price cuts come almost a month after Morrisons ignited a price war at the pumps by reducing the price of unleaded petrol by 3.5p to 79.9p per litre.
Analysts have said that the fall in oil prices after the record high levels last year was probably the cause of the reductions.
Asda have echoed those claims, with a spokesman stating that an over-supply of gasoline in the market had driven international prices down.
(KmcA/SP)
Related UK National News Stories
Click here for the latest headlines.
16 October 2008
Supermarkets Drop Petrol Prices To Below £1
Two major supermarkets have announced they will be cutting unleaded petrol prices on their forecourts to less than £1 per litre. Asda and Morrisons declared they would both be cutting the prices of unleaded to 99.9 pence per litre.
Supermarkets Drop Petrol Prices To Below £1
Two major supermarkets have announced they will be cutting unleaded petrol prices on their forecourts to less than £1 per litre. Asda and Morrisons declared they would both be cutting the prices of unleaded to 99.9 pence per litre.
10 June 2004
Asda lowers petrol price to under 80p per litre
Retail chain Asda has today pegged the price of petrol sold at its pumps to stay under 80p per litre, and urged rivals to follow its lead. All Asda's 150 petrol stations will today offer a nationwide price of 79.9p at the pumps for both petrol and diesel.
Asda lowers petrol price to under 80p per litre
Retail chain Asda has today pegged the price of petrol sold at its pumps to stay under 80p per litre, and urged rivals to follow its lead. All Asda's 150 petrol stations will today offer a nationwide price of 79.9p at the pumps for both petrol and diesel.
12 October 2010
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
21 March 2014
Petrol Prices At Three-Year Low
Petrol prices have fallen to their lowest in three years with the cheaper fuel sold in Yorkshire and the Humber, according the Automobile Association (AA). The national average for petrol is nearly nine pence cheaper than this time last year when in mid-March it was priced at 138.42p per litre a 6.47% more that now which is 129.
Petrol Prices At Three-Year Low
Petrol prices have fallen to their lowest in three years with the cheaper fuel sold in Yorkshire and the Humber, according the Automobile Association (AA). The national average for petrol is nearly nine pence cheaper than this time last year when in mid-March it was priced at 138.42p per litre a 6.47% more that now which is 129.
05 September 2012
OFT To Review Petrol And Diesel Prices
The Office of Fair Trading is to look into the UK petrol and diesel sector following significant price rises at the the pumps. The OFT will spend six weeks gathering evidence about whether competition is being curtailed. Alongside this the watchdog will also consider whether falling costs of crude oil are reflected in prices paid by motorists.
OFT To Review Petrol And Diesel Prices
The Office of Fair Trading is to look into the UK petrol and diesel sector following significant price rises at the the pumps. The OFT will spend six weeks gathering evidence about whether competition is being curtailed. Alongside this the watchdog will also consider whether falling costs of crude oil are reflected in prices paid by motorists.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
