Supermarkets announce 2p per litre diesel cut

Four major supermarkets have announced cuts to the price of diesel.

Morrisons, Sainsbury’s, Tesco and Asda will each be cutting the price of a litre of diesel by 2p from Wednesday morning.

Just last month the same supermarkets all announced similar price cuts to both petrol and diesel within a few hours of each other.

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Supermarkets have become significant players in the fuel sector in recent years, with their market share growing from 29% in 2004 to 39% today.

And their presence has led to a lowering of prices in the surrounding areas, according to Office of Fair Trading research. It found that towns with at least one supermarket forecourt in the area lead to pump prices that were 0.7 pence per litre cheaper for petrol and 0.5 pence per litre cheaper for diesel.

However, don’t just rely on filling up near a supermarket in order to get the lowest price on your fuel. Check out our tips in How to drive down the cost of petrol and diesel.

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