Demand & Supply
2 articles tagged with this topic.
UK petrol and diesel prices fall after weeks of rises
UK pump prices for petrol and diesel have dipped slightly after weeks of increases driven by Gulf tensions and the effective closure of the Strait of Hormuz, which had pushed crude oil from about $70 to a peak of just over $119 a barrel. With a temporary ceasefire, Brent has fallen back below $100, and the RAC expects further modest reductions; current averages are roughly 158p/litre for petrol and 191p/litre for diesel.
Supermarket Price Wars: Asda Cuts and Rival Responses
Asda has initiated significant price cuts on nearly 1,000 products, aiming to undercut rivals by 5-10% by late 2026. This has intensified a price war among major UK supermarkets such as Tesco, Morrisons, and Sainsbury's, who are also adjusting their pricing strategies. Despite rivals making numerous price cuts, overall prices continue to rise for some, and discounters like Aldi and Lidl still consistently offer lower prices on a wider range of items.