Skip to content

Where to buy your petrol

You may not have noticed but lately there has been some good news about fuel prices. Petrol prices are currently the lowest they have been for three years and the Chancellor confirmed in the recent budget that fuel duty will remain frozen for a fourth successive year. This means that any price rises being seen on the forecourts are purely the responsibility of the retailers and not the Government.

You may not have noticed but lately there has been some good news about fuel prices. Petrol prices are currently the lowest they have been for three years and the Chancellor confirmed in the recent budget that fuel duty will remain frozen for a fourth successive year. This means that any price rises being seen on the forecourts are purely the responsibility of the retailers and not the Government. The average petrol price that drivers are paying at the pumps is now 129.5p per litre, down from around 138.4p last year. Diesel prices have also fallen by nearly 10p per litre and are now at their lowest since July 2012.

This is all very welcome but the fact is that the AA calculates that 60% of drivers are still cutting back on non-essential motoring in an effort to reduce costs. This means that the price of fuel is still vital and motorists are keen to learn where the cheapest fuel can be found in their area. On the face of it, the answer is simple: the local supermarket. The four big retailers of Asda, Morrisons, Sainbury’s and Tesco undercut traditional garages by a distance. The fact remains, however, that most of our petrol stations are not run by supermarkets and this leads to a large variation in prices.

These price differences occur not just according to the retailer but also according to region. Asda is the only retailer that has a national price cap in place, whereas the others charge different prices in different areas of the country. Asda is also the cheapest national chain, charging 126.6p for petrol and 132.7p for diesel. Tesco is next at 127.6p for petrol and 134.6p for diesel, while Sainsbury’s charges 127.6p and 134.2p respectively. Morrisons is fourth at 127.7p and 134.5p.

An Asda supermarket in your town will mean cheaper fuel; not just at Asda but at the other supermarkets who will often match their prices. If there is no Asda, expect to pay around 3p per litre more. The situation is made more complex, however, by the usual supermarket price promotions. The Tesco Clubcard Fuel Save scheme offers 2p off per litre of fuel for every £50 you spend in store and this accumulates for every £50 you spend over a month to a maximum of 20p per litre off. Morrisons offer £5 money off coupons on food for every 500 litres of fuel bought and Sainsbury’s allow customers to collect Nectar points on fuel purchases. Asda has said that it will not join in with these ‘gimmicks’ and simply continues to offer cheaper fuel.

 

Posted by on

Back to March 2014

Back to top