Supermarkets drop diesel price further

UK supermarkets Morrisons, Tescos and Sainsbury’s have cut the price of diesel for the second time in a week.

A price drop last week made the retail price of diesel cheaper than petrol for the first time in 15 years.

The move has been welcomed by RAC fuel spokesman Simon Williams, who said: “Millions of private and business motorists that depend on diesel vehicles will be pleased with this latest price cut from the supermarkets.

“However, not every motorist in the country is yet to benefit from the fall in the diesel wholesale price – the average price of diesel sold at the pumps is still higher than petrol, despite diesel being bought in by retailers for less than the price of unleaded since the end of May.

“We expect the diesel/petrol average price ‘flip’ to come about in the coming days, and when it does there will be huge pressure on all retailers in the UK to sell diesel for less than petrol, reflecting more closely the wholesale price.”