Petrol prices going down? Surely not. Well, it is if you buy yours from certain retailers. Sainsbury’s recently announced that unleaded and diesel will be 3p per litre cheaper at its petrol stations – which number 266 across the UK.
Whenever a big supermarket cuts prices, the others usually follow. An overall decline in the cost of crude oil has allowed Sainsbury’s to affect this cut, and there seems little reason why giants such as ASDA, Morrisons and Tesco won’t follow suit.
The average cost of a litre of unleaded was 138.4 pence last week, a significant drop from April’s 142.5 pence peak – which was an all-time high.
Chancellor George Osborne dismayed many motorists with the recent budget, which did little to alleviate the cost of driving in the UK. While the news that crude oil prices are going down will no doubt be gladly received by many drivers, others will be rather concerned with the notion that a short fall in motoring related tax revenue – caused by greener cars that guzzle less fuel, and cheaper tax discs for those cars – will mean Osborne will be taking aim at the motorist’s wallet in the coming months and years. Exactly how remains to be seen.
Still, with new, even cheaper-to-run electric and electric-hybrid cars on the horizon – and of course affordable car breakdown cover from startrescue.co.uk – hope remains that owning a car will not become prohibitively expensive.
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