Supermarket giant Asda has today announced it will be slashing the price of petrol and diesel. Motorists will see 5p cut from their petrol bills and 3p from diesel.
It means the average price of petrol will be 174ppl while diesel will cost 185ppl. The latest price reduction follows a cut of 4ppl earlier in the week, meaning the supermarket has reduced fuel prices by 9ppl on unleaded and 7ppl on diesel since the start of the week.
The move will be in place at all of the 323 petrol stations across the UK, reports BirminghamLive. AA fuel price spokesman Luke Bosdet commented on the drop, saying: “Asda’s price move is impressive, in effect cutting 10p a litre off the UK average price of petrol.
"That’s potentially a fiver off a tank for those filling up this weekend, compared to the artificially-high prices on too many major retailer forecourts and in too many towns. First, it was a few dozen small independent forecourts showing up the big boys.
"Now, Asda has called them out with on average a fiver off the cost of a tank of petrol." He added: "Latest UK pump price averages have petrol at 184.50p a litre (27 July).”
Fuel prices hit record levels in early July, with petrol reaching 191.5p a litre and diesel rising above £2 in some regions, owing to factors including high oil prices caused by Russia’s invasion of Ukraine and low refining-capacity across Europe.
