A(nother) supermarket petrol price war has broken out today.
The RAC yesterday called on retailers to cut petrol prices after its data showed fuel prices increased for the third month in a row in September - and Asda, Morrisons and Sainsbury's responded today by knocking 2p per litre off unleaded petrol.
Asda was first to make the announcement, which followed another 2p per litre cut last week, bringing its unleaded price down to a new national price cap of 113.7p per litre, effective from tomorrow at the retailer's 308 filling stations. Diesel prices will remain at 116.7p per litre.
Morrisons and Sainsbury's followed suit, matching the 2p per litre cuts.
❗️FUEL PRICE DROP ALERT❗️🎉 From tomorrow we'll be cutting the price of our unleaded petrol by up to 2 pence per litre 🚘👏🏼🛣— Sainsbury's News (@SainsburysNews) October 4, 2017
RAC fuel spokesman Simon Williams said: “A day after we called for a price cut it’s encouraging to see the supermarkets have responded by taking 2p off a litre of unleaded. Despite a similar cut in late September the conditions have been right for a further reduction for nearly two weeks so it’s a shame in the interests of price transparency this hasn’t come sooner.
“What motorists need now is for every petrol retailer, large and small, to do the same to bring down the average price from 119p a litre to 117p. Looking at the wholesale petrol market there are good signs that prices could go lower still.”
The automotive services group urged retailers to slash prices to correspond with the drop in wholesale prices.