Morrisons is cutting the cost of both its unleaded and diesel by up to 2p a liter from tomorrow. Bryan Burger, Morrisons petrol director attributed the price cut to the recent falls in the crude oil prices. He said the company was just passing the saving to the motorists.
Morrisons has 336 petrol stations over the UK. The moves comes as motoring association the RAC said it anticipates that numerous fuel retailers will cut the cost of petrol to £1 a liter in time for the Christmas getaway. The RAC expects the falling oil price will prompt a 3p drop for petrol and 5p for diesel. This would take normal costs to around 103p for petrol and 104p for diesel, yet specialists foresee costs will be even lower at many forecourts.
RAC Fuel Watch representative Simon Williams said they expect Britain’s supermarket stores and cheapest fuel retailers to be selling petrol at £1 a litre or less in time for Christmas. The retailers have a tendency to be 3-5p a litre cheaper than the average UK price. Tesco cut petrol and diesel costs by 2p a liter at its 500 filling stations on Tuesday.