Qualified advisers answering your
Financial Questions
call 0800 092 1245

Supermarkets cut the price of petrol further

No doubt we will see the government claiming the credit for the ongoing fall in petrol prices but it actually looks as though we are at the start of another price war. Today saw Morrisons cut the price of petrol by 2p to 97.9p a litre in reaction to a move by Tesco towards the end of last week. So did the supermarkets jump or were they pushed into the move?

While the mention of price cuts by the government towards the end of last week were useful they are unlikely to have been the reason for the fall when you bear in mind the taxation position on petrol. It did however focus the minds of many across the UK on the fact that the cost of oil has halved in recent times but petrol prices have not fallen in the same proportion.

The cost of fuel has a massive impact upon the economy and is sure to help with the battle against inflation. Aside from the impact upon the cost of running your vehicle any price change will affect the price of services from taxis to food in the shops which needs to be transported throughout the UK.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details