Petrol price cuts are wonder-fuel, say motorists

Price wars at the supermarket petrol pumps this morning. Changing the price signs at Asda Grangetown, Sunderland
Price wars at the supermarket petrol pumps this morning. Changing the price signs at Asda Grangetown, Sunderland
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WEARSIDE motorists were quick to take advantage of plummeting new year petrol prices today.

The four major supermarkets chains announced they were cutting fuel prices for the start of 2015, with Asda, Morrisons, Sainsbury’s and Tesco, all knocking 2p a litre off their petrol and diesel.

The Asda cuts mean its customers will pay no more than 107.7p a litre for petrol, with diesel at 114.7p a litre.

With world oil prices plunging, this is Asda’s 13th cut since the end of September, taking, in total, 19p a litre off petrol and 15p a litre off diesel.

For Morrisons, it is the sixth cut since December 1.

People filling up at Asda, in Boldon Colliery, welcomed the new lower price.

Among them was Arthur Walton, 55, a demolition driver, from West Boldon, who said: “I think it’s good news but it could be a bit better – it could always be lower.

“I drive to Oxford for work quite a lot so petrol prices really make a difference to me.”

The AA said: “The UK average price for petrol is currently around 113p per litre, and these welcome decisions on making further price cuts will eventually filter down in some form to other retailers.

“So the UK average price will fall further as we further enter 2015. However, just how far it falls is anyone’s bet. Current indications are that the magical £1-per-litre average price across the UK is still looking unlikely in the short term.”

The RAC was more confident of the £1 figure being achievable.

RAC head of external affairs, Pete Williams, said: “These further cuts will certainly bring extra cheer for motorists for the new year.

“With record lows in the price of a barrel of crude oil, it is encouraging to see retailers passing on those savings to their customers.

“These latest cuts are also another step towards the very real prospect of a £1-per-litre average price in January, as predicted by the RAC in December, which really would guarantee a happy new year for millions of motorists in 2015.”