Supermarket slashes petrol prices again

Petrol diesel price

Petrol diesel price

Effective from Tuesday, January 8, Asda customers will benefit from filling up at its 320 petrol stations after the supermarket announced a cut of up to 1ppl off unleaded and 2ppl off diesel, following continued decreases in the wholesale cost.

In Mumbai, petrol and diesel prices were at Rs 74.16 per litre and Rs 65.12 per litre, respectively.

At present, petrol prices are at its lowest level in over a year while diesel prices have touched a nine-month low.

The official statement stated, "As the fuel prices declined after fall in crude oil rates in the overseas market since November, the state tax has been revised 2 per cent to 32 per cent on petrol and to 21 per cent on diesel since January 1, 2019".

Asda and Morrisons will implement these new pump prices from tomorrow, while Sainsbury's will make the change on Wednesday.

According to the RAC, the cost of Brent Crude - the global benchmark for oil prices - has fallen 20 per cent in a year.

Kim Jong Un pays another visit to China
Speculation is rife in South Korea that the North Korean leader is on a train that crossed into China less than twelve hours ago. It didn't carry out any missile or nuclear tests in 2018. "They do want to meet and we want to meet and we'll see what happens".

"Drivers badly need the supermarkets to start competing on price again as the so-called price war has been cold since the middle of October".

After Sunday's price revision, petrol in Delhi was retailed at Rs 68.29 while diesel was sold at Rs 62.16 per litre, 10 paise cheaper compared to Rs 62.16 on Saturday.

Last week a group of MPs called for an independent body to monitor fuel costs.

"This will mean drivers who are not near a low-priced fuel retailer will continue to pay over the odds".

'If people don't like high prices, they can go to a cheaper forecourt'.

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