Supermarkets cut price of diesel 27 Jul 2015

Tesco, Morrisons and Sainsbury's have all announced that they are cutting the price of diesel by 2p a litre.

Commenting on the news Steve Gooding, director of the RAC Foundation, said:

“This is welcome news but has been a long time coming and we believe there is still further to go. The wholesale price of diesel dropped below that of petrol more than two months ago but only in the past week or so have we seen this starting to be reflected at the pumps. We would hope this is not the end of the reductions as the price of diesel at the refinery gate is still 4p per litre cheaper than that of petrol.

“The price of fuel is a headline cost for motorists and one they keep an eagle eye on. With that in mind we expect other retailers to also move their pump prices downward. Frankly it would be a surprise if they didn’t.”

This chart shows how wholesale and pump prices have changed over the past year.

ENDS

Contact:

Philip Gomm – Head of External Communications – RAC Foundation

philip.gomm@racfoundation.org | 020 7747 3445 | 07711 776448 | 020 7389 0601 (ISDN)

Notes to Editors:

The RAC Foundation is a transport policy and research organisation that explores the economic, mobility, safety and environmental issues relating to roads and their users. The Foundation publishes independent and authoritative research with which it promotes informed debate and advocates policy in the interest of the responsible motorist.

The RAC Foundation is a registered charity, number 1002705.

More fuel related material is available on the RAC Foundation website:

http://www.racfoundation.org/data

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