RAC welcomes diesel price cut by Tesco

RAC fuel spokesman Simon Williams said: “This is welcome news for diesel drivers coming just in time for the summer holidays and it is exactly what our RAC Fuel Watch monitor has been calling for.

“The wholesale price of diesel has been significantly lower than that of petrol throughout June. We believe that there is scope for at least a 5 pence cut in the price of diesel which will be the first time that motorists have seen diesel cheaper than petrol at the pumps in almost fifteen years.

“While this is a bold step by Tesco we are confident that they will be swiftly followed by other retailers making even deeper cuts which should lead to a fundamental re-balance of pricing in the retail fuel market. We need greater transparency and a fairer pricing model for both petrol and diesel and this is likely to spell the end of the focus on petrol prices alone.”