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Chronicle Live
Business
Ruki Sayid & Mike Kelly

Petrol price wars - now Tesco cuts fuel cost as supermarkets battle it out at the pumps

Supermarket giants are battling it out at the petrol pumps as a price cutting war has broken out. Tesco entered the fray yesterday as it slashed petrol prices by 6.5p a litre.

And it also cut diesel by 4.5p a litre after rivals Asda last week knocked a total of 9p a litre from unleaded and 7p off diesel over the week. This cut brought the cost of its petrol down to 174p a litre and diesel to 185p, reports the Mirror.

Today in the UK, average prices are 182.69p a litre for unleaded, down by 3.68p week-on week and 192.38p a litre for diesel, down by 2.87p over the same period. Ashwin Prasad, Tesco’s chief product officer said: “We hope that these price cuts will go some way to help.”

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