UK Retailers Engage in Petrol Price War

LONDON - The UK's Safeway has cut the price of its petrol by as much as 20 pence a litre, spawning Wal-Mart-owned Asda to cut its prices, the BBC news reports.

Safeway has introduced a rising scale of discounts, so that customers who spend 25 pounds in the store will get 2 pence off a litre at its petrol stations, while those spending 150 pounds will get a reduction of 20 pence a litre.

Asda has responded by cutting its fuel by up to 1 pence a litre without any need to spend in the shops.

The two biggest supermarkets, Tesco and Sainsbury, said they did not intend to react to the cuts, according to the BBC.
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