# Supermarkets react to low oil prices trimming 2p off fuel | This is Money

> 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.

- Date: 2018-02-09 · published 2018-02-09T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/11360-supermarkets-react-to-low-oil-prices-trimming-2p-off-fuel-this-is-money
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- BRENT: bearish ▼
- DIESEL: bearish ▼

## Sources

- thisismoney.co.uk: https://www.thisismoney.co.uk/money/cars/article-5372137/Supermarkets-react-low-oil-prices-trimming-2p-fuel.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.