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Asda, Morrisons and Sainsbury's cut UK petrol and diesel prices by up to 2p a litre after wholesale prices fell, with Tesco expected to follow. The RAC said retailers could cut a further 3p a litre, and oil had earlier been above $70 a barrel in January before falling.
Retail fuel cuts follow a sharp fall in wholesale oil prices, which lowers haulage costs for UK feed distribution. The pass-through is a consumer-side price move with little direct effect on feed commodity prices.
thisismoney.co.ukRob HullFeb 9, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
