Belfast Telegraph

Sunday 21 September 2014

Joy for motorists as Northern Ireland supermarkets cut petrol prices

Northern Ireland's hard-pressed motorists will from today be able to reap the benefits of a petrol price war between three supermarkets
Northern Ireland's hard-pressed motorists will from today be able to reap the benefits of a petrol price war between three supermarkets

Northern Ireland's hard-pressed motorists will from today be able to reap the benefits of a petrol price war between three supermarkets.

Recent figures showed that drivers here suffer the highest average petrol price in the UK – but a below average price for diesel.

From today drivers will be able to pay for cheaper fuel at Asda, Sainsbury's and Tesco after they slashed prices by around 2p per litre.

In Asda's case, the reduction means its customers across the UK, including its nine Northern Ireland forecourts, will pay no more than 126.7p a litre for petrol, with diesel being 129.7p a litre – its lowest price since January 2011. Asda said a strengthening pound against the dollar had been the key driver behind the cuts.

Sainsbury's said it was cutting the price of unleaded petrol and diesel by "up to 2 pence per litre across its forecourts in Northern Ireland".

Avishai Moor, Sainsbury's head of fuel, said: "Fuel is a big part of the weekly budget for many households so we hope this cut will be welcomed by drivers across Britain.

"Together with our latest fuel offer, where customers can save up to 10p off a litre when they spend £60 in store, Sainsbury's customers can make big savings on fuel this summer."

Britain's biggest petrol retailer, Tesco, says the 2p cut per litre is in addition to savings that customers can also make through Fuel Save, a scheme which can be worth up to 20p off a litre of petrol or diesel.

Tesco fuel director Peter Cattell said: "As Britain's biggest fuel retailer this means more motorists can make real savings."

Simon Williams, a spokesman for drivers' organisation the RAC, said: "The combination of the strengthening pound and the fact that tensions in both Ukraine and Iraq have not caused supply issues means wholesale prices have begun to ease again.

"The impact of the shale oil extraction in the US is also causing global oil prices to reduce due to more product becoming available in the market, which in turn reduces reliance on importing oil from the Middle East.

"But falling wholesale prices don't always lead to cheaper forecourt prices so it's good news for motorists that this reduction is being passed on so quickly at the pumps.

"Cheaper fuel is good for individual motorists, businesses and the economy."

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