comparison site Tiger.co.uk today welcomed the drop in fuel prices announced by the UK’s major supermarket chains, providing a little relief for drivers in the run up to Christmas.
With Asda announcing this week that it would lead the way with a 2p drop in the price of a litre of fuel and with other major UK supermarkets following suit, Britain’s drivers are likely to be the beneficiaries of a forecourt price war in the weeks ahead. The move by Asda, reducing the pump price of a litre of diesel to a maximum of 137.7p and petrol to a maximum of 131.7p,produced an immediate response from Sainsbury’s, Tesco and Morrisons.
This price cut comes as a new study reveals that drivers are now paying a record 81p in tax per litre of fuel and with the government under pressure to freeze a planned 3p per litre tax increase planned for next January.
The UK’s 33 million drivers are set to benefit from the reduced price of fuel, with the 2p reduction being made on top of the aggressive promotional activity currently being run by the likes of Morrisons, who are rewarding their most loyal shoppers with an additional 15p discount as part of their “Fuel Britannia” campaign.
Andrew Goulborn, Commercial Director at independent insurance comparison site Tiger.co.uk, welcomed the news: “The UK’s drivers have had a hard time over the last few years and this good news comes after our own recent announcements that car insurance quotes
are dropping from their recent highs for most drivers. Together, these reductions will bring some welcome relief, especially in the run up to Christmas”.