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
Simple ways to save money : Insurance premiums
The average home in the UK is likely to have a number of insurance policies in place including home insurance and car insurance to name but two. It is also well known that the vast majority of people throughout the UK tend to pay their premiums monthly rather than one-off payments at the start of every year. However, while there are upsides to paying monthly premiums there are also significant dow...
Read MoreNew pension freedoms could increase risk of fraud
30/12/2014 The new pension freedoms and flexibilities announced in the 2014 Budget may mean that pensioners are more exposed to losing their life savings to scammers. Pension scammers are evolving their tactics to try and get as much money as possible out of those aged 55 and over, which may be easier for them after the new regulations come into place. Standard Life, a long term savings...
Read MoreGordon Brown hails NHS constitution as momentous day
Gordon Brown has today signed the first constitution for the NHS which effectively ends an era of "doctor knows best". The legally binding document will give patients a number of rights and crystallise the responsibilities which NHS staff and doctors have with regard to patient care. The new constitution is set to last 10 years and is being hailed as the future of the NHS and a momentous day in it...
Read MoreBrown warns of eastern European risks
Eastern European nations are currently under threat from the credit crunch, Gordon Brown has said.In a meeting in France with president Nicolas Sarkozy, the prime minister expressed concern that the rapidly-growing economies would be hit hard by the crisis.This is due in part to the "flight to safety" which is currently taking place among nervous investors - who are taking their money out of offsh...
Read MoreEssex council brings in IBM to manage public services
The Conservative controlled council in Essex has announced a £5.4 billion deal with IBM which will see the massive computer conglomerate managing the supply of public services in the region. It is estimated that the deal will save the council 20% of the annual £1.2 billion budget over the next three years and could also lead to further cost savings and efficiency savings in the short to medium t...
Read More