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New reductions in petrol price war

Supermarket giant Sainsbury's has sparked a new round of the petrol price cutting war by announcing it will reduce its forecourt costs by 3p a litre.

The cut will come into force on Monday at all of Sainsbury's 266 petrol stations across the country, and also covers diesel.

Last week the AA said that UK petrol prices had fallen 4p and diesel by more than 3.5p in the past month.

Asda, Tesco and Morrisons have all announced price cuts in recent weeks.

Sainsbury's is backing its 3p cut with a sales promotion which offers a further 5p off per litre voucher for customers spending £50 in stores or online.

Richard Crampton, Sainsbury's head of fuel, said: "We know that fuel continues to be a big part of many household budgets and we are committed to helping our customers cut down on cost whenever we can. "Wholesale fuel prices have dropped across Europe and we are delighted to pass these savings onto our customers."

"We are committed to delivering great value on everything we sell and we hope that this latest price cut, combined with the 5p per litre promotion, will help families balance their budgets during the Jubilee celebrations and the long Bank Holiday break."

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