New cheapest supermarket for petrol fuel as prices | Tech News

The UK has a new cheapest supermarket petrol station as fuel prices proceed to soar amid international oil disruption within the Middle East. On February 2, RAC Fuel Watch stats revealed Asda was the cheapest supermarket petrol station within the UK, with prices listed at simply 128.9p per litre on average.

Fast ahead nearly 5 weeks and the image has fully modified, with Asda no longer probably the most inexpensive store and petrol pump prices a lot increased. Morrisons now leads the best way, with the favored chain charging drivers an average of 133.2p per litre.

Asda and Tesco have been subsequent, with the supermarket chains each charging highway customers round 133.5p on average to top-up. Sainsbury’s rounded out the massive 4, with motorists now paying out 133.7p per litre to fill-up their fuel tanks.

Petrol and diesel prices have elevated over the previous week attributable to disruption to international oil provides from the Middle East as the battle with Iran intensifies. Supermarkets are nonetheless among the many cheapest locations to fill-up with family names typically a few pence cheaper than specialist fuel companies.

Supernakrets sell a high quantity of fuel, permitting manufacturers to operate on decrease margins than smaller retailers. Stores are additionally embroiled in an intense price battle which helps drive down prices, whereas some supermarkets even see fuel as a ‘loss leader’ to draw additional clients.

RAC Fuel Watch information exhibits unleaded petrol was up 3.13p per litre for the reason that begin of the battle on the finish of February, with diesel prices up by 4.95p.

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However, on Friday, the RAC warned that additional price hikes have been “inevitable” if the disruption continues, with payments set to proceed climbing. RAC head of coverage Simon Williams defined: “While wholesale prices for any retailer shopping for in new stock may have gone up, it usually takes two weeks for price modifications to work their approach via to the forecourt.

“Brent crude jumped to $85 on Thursday, something we haven’t seen since July 2024. If the price of a barrel stays at this level, or increases, then further forecourt rises will be inevitable.”