Asda slashes its petrol prices and sends message to supermarket rivals after 'impressive' move
Hard-pressed motorists were given some much-needed cheer today when Asda announced it would be cutting fuel prices.
Prices have rocketed in recent months following the war between Russia and Ukraine with the average car's tank costing around £100 to fill up instead of £50/£60. The supermarket giant announced that it has cut the price of unleaded by 5ppl and diesel by 3ppl to help motorists save money when filling up their tanks.
Drivers will pay on average 174ppl for unleaded and 185ppl for diesel when filling up at Asda's 323 petrol stations across the UK. 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.AA fuel price spokesman Luke Bosdet said: "Asda's price move is impressive, in effect cutting 10p a litre off the UK average price of petrol.
"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. Latest UK pump price averages have petrol at 184.50p a litre ." It's yet to be seen what other major fuel sellers and retailers such as Sainsbury's, Morrison's and Tesco do but traditionally it has only been a matter of hours before they all cut their prices to within a few pence of their competitors.
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