Sainsbury’s and Asda have immediately responded to today’s spring statement and will be cutting fuel prices for motorists from tonight.
The supermarkets have confirmed they will be passing on the price reduction to customers immediately, and will be cutting the price of a litre by 6p – which includes a 1p reduction in VAT.
The announcement has been made as a direct result of the chancellor’s spring statement today, which revealed that fuel duty would be cut until March next year.
The new lower price will be available across all forecourts from tonight.
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“We understand that the cost of living is a real challenge for many households and we are committed to helping our customers as much as we can,” said Sainsbury’s CEO Simon Roberts.
“We welcome the chancellor’s announcement today which will save motorists money and we are passing the cut to fuel duty to our customers at the pumps across every single one of our 315 forecourts from tonight.”
Asda also said it will pass the 5p a litre drop in fuel duty “straight on to its customers”.
“The supermarket will reduce the price at the pumps by 6p per litre which includes a 1p reduction in VAT,” it said.
“The new prices will be implemented from this evening. This means that motorists will see unleaded move back below 160ppl and diesel to 170ppl.”
Both supermarkets will continue to sell stock it purchased while the higher fuel duty was in effect but is lowering the price at the pump from tonight, allowing consumers to benefit from the chancellor’s announcement immediately.