British Gas has cut its standard gas prices by an average 7%. Also, the price cut, which would benefit 8 million households, takes effect immediately and makes British Gas, on average, the cheapest supplier of standard gas and electricity right across Britain, and the change would save the average gas customer £55 a year.
This is the third time British Gas has cut prices in the past 12 months, thereby cutting a total of £187 off the average annual dual fuel bill.
British Gas Managing Director, Phil Bentley, commented, "But, at British Gas, we know that cutting prices is just part of the picture in helping our customers cut their fuel bills; we're also doing more than any other supplier to help our customers use less energy. As well as cutting prices three times in the past year, we have been helping our customers improve their energy efficiency and cut their energy use by 7%."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.