Prices of Petrol Slashed for Motorists

Supermarkets have started a new price war at the petrol court.

Sainsbury’s made the first move by saying they will be slashing the price of petrol and diesel by up to 5p per litre.

Asda reacted by pledging to reduce the cost of petrol by 1p per litre and diesel by 2p, with Tesco following suit agreeing to take up to 5p off per litre.

Motorists are seeing the lowest petrol prices in two years, with the recent price cut linked to the Scottish Referendum result which has seen a slight upturn in the UK economy.

There is more good news for the UK economy as the Gross Domestic Product (GDP) has increased at a slightly faster rate than expected.

It expanded at a 0.9% quarter-on-quarter clip, in the second quarter according to the Office for National Statistics.

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