Industry News from Yes Insurance
28 January 2008 Supermarkets 'lead the way in bringing petrol prices down'
Supermarkets are leading the way when it comes to bringing the cost of petrol down but there are concerns that they are driving smaller outlets out of business, it has been suggested.Experts expect supermarkets to take advantage of slightly lower wholesale prices and cut prices at the pumps.
But the Association of British Drivers told the Wales on Sunday that it is concerned supermarkets will have a monopoly on cheap fuel, which could be bad news for those who do live near a Morrison's or an Asda.
Spokesman Nigel Humphries told the publication: "They are driving petrol stations out of business as they have driven every other shop out of business.
"[This] is all very well until you are running out of fuel and cannot find a supermarket petrol station."
He also called on ministers to freeze fuel tax so that the true cost of fuel to the British motorist, who is already paying car insurance, is not masked.
The Treasury is planning a rise of 2p a litre this October and another increase of 1.84p in April 2009.
© Adfero Ltd
