Supermarkets Begin Petrol Price War

Supermarkets like Asda, Sainsbury's, Tesco, and Morrisons are reducing fuel prices due to a drop in wholesale costs and a favorable dollar to pound exchange rate. While this is good news for motorists, experts advise caution as prices may rise again. The public welcomes the change, hoping for sustained lower prices. The rapid reflection of wholesale prices at the pump is a positive development, but the situation remains volatile.

Which supermarket was the first to announce a reduction in fuel prices?

• Tesco

• Sainsbury's

• Asda

• Morrisons

What is the main reason for the recent drop in fuel prices according to the transcript?

• Increased competition among supermarkets

• A fall in the wholesale price

• Government intervention

• Reduced demand for fuel

How do motorists feel about the recent changes in fuel prices?

• They are optimistic about long-term savings

• They are indifferent

• They are skeptical about the sustainability

• They are unaware of the changes

What factor is primarily responsible for the supermarkets' ability to lower fuel prices?

• A change in the dollar to pound exchange rate

• A decrease in fuel demand

• Government subsidies

• Technological advancements in fuel production

What caution is advised by those campaigning for fair fuel prices?

• To stockpile fuel while prices are low

• To switch to electric vehicles

• To be wary of potential price increases

• To expect prices to remain low indefinitely