Pizza Hut to cut prices on pizzas by $3 or more

With number-two pizza chain Domino's hot on its heels, Pizza Hut is going after more budget-minded customers by cutting at least $3 off the price of its pizza pies and making its pricing structure easier for customers to understand, according to the Dow Jones Newswire.

Medium pies that would normally sell for $11, will cost $8 and large pies that used to run $14 will be sold for $10. Both of those prices will include up to three toppings at no additional charge, Chris Fuller, a Pizza Hut spokesman told Dow Jones. Want more toppings? Add two more for $2.

The new, streamlined prices will be rolled out to two-thirds of the U.S. this week, Fuller said. And unlike its $10 for any pizza promotion. which winds down this week, the new prices will be permanent.