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UK supermarkets cut fuel Prices

  • 22-07-2008 05:20AM
    #1
    [Deleted User]
    Posts: 31,118 ✭✭✭✭


    http://news.bbc.co.uk/1/hi/business/7518516.stm

    Retailers Asda, Morrisons and Sainsbury's have all said they will lower the price of petrol, prompted by falling oil prices.
    Asda said it would cut the price of unleaded petrol and diesel by 3p per litre and soon after, Morrisons said it would cut both prices by 4p.
    Sainsbury's said petrol would be 5p cheaper, but only for customers who spend £50 or more. While oil prices rose at the start of the week, they have fallen recently.

    Surly this is just marketing as the [crude] oil price that we see in the headlines is for oil delivered to refinaries in a couple of months (I believe) time?

    If that's the case then prices will peak at the end of august! before falling back a bit but still higher than today.
    Is my theory correct???


Comments

  • #2
    Alun
    Registered Users, Registered Users 2 Posts: 21,543 ✭✭✭✭Alun


    Also a publicity stunt / lost leader excercise. Remember, they probably make vastly more money from the people who shop in their supermarkets before/after filling up than they ever will from petrol sales.


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