Quick Stats

Quick Stats

    You are here

    UK Retailers Engage in Petrol Price War

    LONDON - The UK's Safeway has cut the price of its petrol by as much as 20 pence a litre, spawning Wal-Mart-owned Asda to cut its prices, the BBC news reports.

    LONDON - The UK's Safeway has cut the price of its petrol by as much as 20 pence a litre, spawning Wal-Mart-owned Asda to cut its prices, the BBC news reports.

    Safeway has introduced a rising scale of discounts, so that customers who spend 25 pounds in the store will get 2 pence off a litre at its petrol stations, while those spending 150 pounds will get a reduction of 20 pence a litre.

    Asda has responded by cutting its fuel by up to 1 pence a litre without any need to spend in the shops.

    The two biggest supermarkets, Tesco and Sainsbury, said they did not intend to react to the cuts, according to the BBC.

    Related Content

    Related Content