Retailers Asda, Morrisons and Sainsbury's have all said they will lower the price of petrol, prompted by falling oil prices.
Retailers Asda, Morrisons and Sainsbury's have all said they will lower the price of petrol, prompted by falling oil prices.
Asda said it would cut the price of unleaded petrol and diesel by 3p per litre and soon after, Morrisons said it would cut both prices by 4p.
Asda said it would cut the price of unleaded petrol and diesel by 3p per litre and soon after, Morrisons said it would cut both prices by 4p.
Sainsbury's said petrol would be 5p cheaper, but only for customers who spend £50 or more.
Sainsbury's said petrol would be 5p cheaper, but only for customers who spend £50 or more.
While oil prices rose at the start of the week, they have fallen recently.
While oil prices rose at the start of the month, they have fallen recently.
Asda said the price change will be effective from Tuesday, making unleaded petrol 113.9p per litre while diesel would cost 128.9p.
Asda said the price change will be effective from Tuesday, making unleaded petrol 113.9p per litre while diesel would cost 128.9p.
David Miles, Asda's trading director, said: "We are seeing a more stable reduction in oil prices, allowing us to pass on the savings to customers.
David Miles, Asda's trading director, said: "We are seeing a more stable reduction in oil prices, allowing us to pass on the savings to customers.
"We urge other retailers to follow our lead at a time when customers need as much help as possible."
"We urge other retailers to follow our lead at a time when customers need as much help as possible."
Morrisons said its price change would come into effect on Monday "ensuring customers reap the benefit by passing on the saving quickly, for cheaper prices at the pump".
Morrisons said its price change would come into effect on Monday "ensuring customers reap the benefit by passing on the saving quickly, for cheaper prices at the pump".
Though prices have fallen in recent days the expectation is that they will remain high.
Though prices have fallen in recent days the expectation is that they will remain high.
How have increased petrol prices affected you? Will these reductions help? What is your reaction to the supermarkets' decision? Send us your comments using the forms below.
How have increased petrol prices affected you? Will these reductions help? What is your reaction to the supermarkets' decision? Send us your comments using the forms below.
