Shock! Fuel prices set to drop

  • Supermarkets start price war
  • Other retailers may have to follow
  • Oil prices have fallen
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).

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