Asda Knocks Down Petrol Prices

Thu, 29 Sep 2011
 
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Asda has brought some relief for the nation’s hard-pressed motorists after reducing its petrol prices by up to 2p a litre.

The supermarket chain made the latest fuel cuts earlier this week and promised those filling up at its store forecourts would pay a maximum of 130.7p a litre for petrol and no more than 135.7p a litre for diesel.

The move, which was made in response to the drop in wholesale fuel prices, is expected to spark yet another supermarket fuel price war.

Andy Peake, Asda’s petrol trading director, said: "We know the price of petrol matters to our customers, which is why we aim to be the first to pass on cuts in the cost of crude."

Motoring group the AA said the prospect of another fuel price battle would be welcomed by UK drivers who are currently being forced to pay an average of 135.9p for a litre of petrol and 140.1p for diesel – just short of the record highs of 137.4p and 143.04p (for petrol and diesel respectively) set in May this year.

AA president Edmund King said: "Drivers in towns with Asda fuel stations will very much welcome the passing on of lower fuel costs, and we will wait to see how other retailers respond."

"With nights drawing in and autumn on the way, car fuel consumption will rise. Any respite from increasingly unaffordable fuel costs is therefore a great help.

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