Belfast Telegraph

Retailers 'not passing on cheaper fuel'

By Neil Lancefield

Supermarkets are cutting fuel prices amid claims that retailers are failing to pass on reduced wholesale costs.

Asda said it will reduce the cost of diesel by 3p per litre and petrol by 2p per litre.

That means drivers using an Asda filling station will pay no more than 121.7p per litre for petrol and 125.7p per litre for diesel.

Sainsbury's confirmed it was making the same reductions in price to both diesel and petrol across all 314 of its forecourts from Saturday.

Earlier this week, the RAC claimed retailers should reflect a drop in the wholesale cost of petrol by reducing prices by 7p per litre.

Oil has been trading at around $60 US a barrel since the beginning of the month, falling at one point to $58.

This has caused the wholesale cost of petrol to fall steadily since October 7, said the RAC.

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