Finance Choices
Petrol Prices Fall
Petrol prices are expected to fall on UK forecourts after two of the country's leading supermarkets slashed the price of fuel.
Asda and Tesco dropped their prices by four pence per litre from Friday.
Asda is now charging 89.9 pence per litre for petrol and 92.9 pence litre for diesel at its 158 petrol stations in the UK.
Esso and BP are among the petrol retailers expected to follow the supermarkets' lead.
The cuts follow a week where panic buying caused by the threat of fuel protests saw petrol prices go well above £1 per litre in some parts of the UK.
Asda's Tony Page condemned petrol retailers who profiteered from the period of panic buying.
"Drivers have been ripped-off in the past ten days as drives rushed to fill up," he said.
"Quite frankly we've been shocked at some of the prices we've seen elsewhere."
Road hauliers and farmers have been holding a week of protests at the price of fuel, culminating in a go-slow on the M4 today.
Fuel prices rose to record highs in line with the soaring price of oil in the wake of Hurricane Katrina, which destroyed many oil rigs and refineries on America's Gulf coast and lead to shortages of oil.
Asda and Tesco dropped their prices by four pence per litre from Friday.
Asda is now charging 89.9 pence per litre for petrol and 92.9 pence litre for diesel at its 158 petrol stations in the UK.
Esso and BP are among the petrol retailers expected to follow the supermarkets' lead.
The cuts follow a week where panic buying caused by the threat of fuel protests saw petrol prices go well above £1 per litre in some parts of the UK.
Asda's Tony Page condemned petrol retailers who profiteered from the period of panic buying.
"Drivers have been ripped-off in the past ten days as drives rushed to fill up," he said.
"Quite frankly we've been shocked at some of the prices we've seen elsewhere."
Road hauliers and farmers have been holding a week of protests at the price of fuel, culminating in a go-slow on the M4 today.
Fuel prices rose to record highs in line with the soaring price of oil in the wake of Hurricane Katrina, which destroyed many oil rigs and refineries on America's Gulf coast and lead to shortages of oil.
posted by Bruce Wayne at 7:33 AM
Petrol Prices Fall
3 Comments:
Its about time the prices came down. Between the government and the petrol companies the average person in the street is being shafted time and time again! It makes me fume how they take us for mugs all the time.
You know what really chaps me off? Even if we do all go to a renewable fuel source, such as ethanol, they will still charge an arm and a leg for it, becasue we are used to paying it!
Here in Georgia they temporarily repealed the $.15/gallon gas tax and we are about $2.45-2.55/gallon but it is going to be bad when they place the tax back on at the end of the month. I anticipate long lines, no fuel, and a huge spike due to increased demand caused by the tax being added back in. It was a good idea in a way and then it was a really dumb idea if you think about the impact or putting it back into effect. We will see what happens.
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