cost of diesel falls below £1 per litre at major supermarkets
Source : cost of diesel falls below £1 per litre at major supermarkets
Asda, Morrisons, Sainsbury’s as well as Tesco continue their fuel cost war by cutting diesel’s cost, as well as that will could fall as low as 90p per litre This particular year
The cost of a litre of diesel inside the UK has fallen to its lowest rate since May 2009, prompted by fierce supermarket competition, as well as motoring organisations predict that will could drop as low as 90p per litre This particular year.
Asda, Sainsbury’s as well as Tesco all followed the example set by Morrisons by bringing its diesel cost below £1 per litre. As of Monday 4 January Morrisons, Asda as well as Tesco have all set the cost at 99.7p, whereas Sainsbury’s can be charging 99.9p.
The diesel cost drop follows last month’s reduction inside the cost of a litre of petrol across the forecourts of the supermarket chains, a decrease that will was prompted by the falling cost of crude oil around the earth.
The RAC has calculated that will for diesel car drivers using a fuel tank of around 55 litres, filling up will cost more than £10 less than that will did in January 2015. What’s more, the organisation predicts that will further cost falls are possible during 2016.
“About 75% of the cost of a litre of fuel goes to the Treasury in duty as well as VAT. The rest of the cost can be production, refinery costs, distribution as well as the fuel retailers’ margin. This particular means that will there can be a limit to how low we will see the cost of diesel as well as petrol go nevertheless prices could well continue to fall as well as a pump cost of as low as 0 pence a litre can be not that will far-fetched,” said RAC Fuel Watch spokesman Pete Williams.
“Saudi Arabia has also reiterated its intention not to cut oil production so the earth will continue to be awash with oil as demand can be also down suggesting that will sustained lower petrol as well as diesel prices are going to be around for much of 2016.”
Williams said the UK’s 11 million diesel drivers could welcome the move by the big supermarkets: “The wholesale cost of diesel has been around two pence cheaper than the wholesale cost of petrol since a couple of weeks before Christmas so we should have seen these cuts earlier as well as that will can be what the RAC has been calling for.
“We desire that will additional supermarkets as well as the cheaper fuel retailers will follow suit swiftly as well as do the right thing for motorists. This particular should reduce the average cost of diesel across the UK for motorists everywhere who can then benefit coming from the low cost of crude oil on the earth commodity market.”
“This particular can be great news for consumers as well as motorists generally for whom the cost of motoring can be one of their biggest gripes. nevertheless that will will also benefit UK business which runs on diesel as well as should be a further stimulus to the economy.”
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