Petrol price war at supermarkets

A petrol price war has been launched by UK supermarkets as three of the biggest cut the cost of unleaded and diesel by up to 5p a litre.

After Asda announced a 3p a litre cut, Morrisons swiftly axed 4p and Sainsbury dropped 5p from Thursday for customers spending £50 or more in stores. The promotion will run for two weeks.

Asda said all 170 of its forecourts would sell unleaded for 113.9p and diesel for 128.9p a litre. Trading director David Miles said a reduction in oil prices was being passed to customers.

Morrisons group store operations director Mark Gunter said: "The cost of crude oil and refined product has fallen in the last few days, and we are ensuring our customers reap the benefit."

A spokeswoman for Sainsbury's said: "From Thursday, our customers can reap an even bigger reward because we are running a 5p-off-per-litre promotion when they spend £50 or more in-store, plus they will also earn Nectar points."

Adrian Tink, RAC Motoring Strategist said: "Finally some good news for motorists. For the average family car this is going to see them save around £2-4 every time they fill their tank - and while it doesn't sound very much even small savings will be welcomed by motorists in increasingly hard times.

"But we must not forget this saving is against a backdrop of record increases this year and its hoped this will be the start of a downward trend. With world oil prices having recently dropped we'd urge the other petrol retailers to follow suit as soon as possible."

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