News of Costco cutting their prices for unleaded petrol by 8p a litre to 147.7p will be welcome news for motorists across the capital.
The move comes as wholesale costs fall steadily. The Costco unleaded price now sits at 12p below the average of other petrol providers.
Meanwhile their diesel costs are sitting at around 171.6p a litre white is almost 14.5p less than the average across Britain. The wholesale retailer has bases in both Edinburgh at Straiton and Glasgow.
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The RAC has hit out at other suppliers and has stated that it shows that fuel is being overpriced elsewhere in the UK market. But not everyone will be able to take advantage of the lower prices as Costco is a membership-only retailer.
RAC fuel spokesman Simon Williams said: "Drivers who aren’t fortunate enough to be members of Costco will no doubt be horrified to see just how cheaply fuel can be sold. It’s no wonder you often see long queues for fuel at Costco. In fact, they recently had to change the queuing system at their Bristol forecourt to cope with the number of people wanting to fill up.
"The fact petrol and diesel can be sold for 12p per litre less than is currently being charged on average at the big four supermarkets is very concerning. Even accepting Costco operates on pretty thin margins the supermarkets should be slashing their prices.
"On Tuesday this week we called on them to cut by 5p a litre but since then wholesale costs have fallen even further, so they should really be cutting by at least 7p."
Earlier in the week the motoring experts urged the big four supermarkets - Tesco, Sainsbury's, Asda and Morrisons - to drop their fuel prices by 5p "immediately".
On this matter Mr Williams said: "With many people struggling to put fuel in their cars it’s very sad to see the biggest fuel retailers taking advantage of their customers by charging far higher prices than they should be."
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