Headlines on Sky News is ‘Supermarkets are slashing petrol and diesel prices as world oil costs tumble’.
Seeing as I had just paid £1.35 a litre earlier today and moaned about it, I was happy to hear that finally I was not going to be ripped off anymore, or not quite so ripped off anyway.
The International Energy Agency (IEA) decided to release a stockpile of 60 million barrels over the next 30 days to make up for production shortfalls in Libya and will increase global supply by around 2.5% for the next month.
Tesco UK chief executive Richard Brasher said: "We know our customers are feeling the pinch at the moment so we want to pass on the benefit of a fall in oil prices straight away."
It isn’t until you read the story properly that you realise that the slashing prices is ‘up to 3p a litre’ so not so much of a slash.
To make the blood boil even further, yesterday Tesco put their petrol prices up by 1p a litre so really it’s only a 2p a litre slashing.
Cheers Tesco, thanks to your generosity I can now save £1 when I buy 50 litres of petrol. Every little helps and that really is a little but not as little as the rip off petrol stations who always seem to have forget to change the prices when oil prices drop quite as quick as they remember to put them up when the prices rise.
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