Morrisons and Sainsbury’s slice 2p off petrol as Maersk indicates rig closure and Brent North Sea oil trades at 60% lower than in 2014
The economic winners and losers from plunging oil prices were highlighted on Wednesday when supermarkets slashed the cost of petrol but a North Sea operator cut jobs and warned it would shut down production.
Morrisons and Sainsbury’s escalated the battle for customers on the forecourt by announcing cuts of 2p a litre off the price of unleaded petrol and 1p off diesel from Thursday before the bank holiday break.
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