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Shock! Fuel prices set to drop

Published on 23 July 2008 in News:

A fuel price war between supermarkets could force all pump prices to come down.

Yesterday, Asda announced it would cut the cost of fuel by 3p; Morrisons responded with a 4p cut.

Sainsbury's said it would follow Tesco's lead and offer customers who spend £50 or more in store 5p a litre off their fuel bill.

The move is a reaction to recent drops in oil price, and it's hoped that other fuel retailers will follow suit.

The price of a barrel of oil has fallen from a recent peak of $147 (£74) to $130 (£65).

User Comments

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dennis elmes
20:31:29 25 July 2008

perhaps we should expect prices to fall as fast as they rise without strings atatched such as spend 50 pound first

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William McGowan
14:53:18 24 July 2008

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