Asda to cut petrol prices by up to 2p a litre

By ALASTAIR DALTON
Published on 24/10/2012 13:02

SUPERMARKET chain Asda will cut petrol prices by up to 2p a litre tomorrow in the second such reduction in a month.

Its petrol will come down to no more than 133.7p a litre.

The store, assessed by the AA as regularly selling the cheapest fuel, sparked a price war when it last dropped the price by 2p on 25 September, with Tesco, Sainsbury’s and Morrisons following suit.

Asda’s diesel remains at 139.7p a litre.

Petrol trading head Jeremy Walton said: “We always aim to be the first retailer in each part of the country to drop prices when costs are falling and the last to put them up.”

Paul Watters, head of AA public affairs, said: “Last week, the AA Fuel Price Report pointed to a 4p drop in petrol wholesale prices working its way through the system.

“UK average petrol pump prices reached a late summer high of around 140p a litre in mid September and sat there for more than a fortnight. More than a month on, the average petrol price yesterday was down to only 138.70p a litre,”

“Asda’s move is very welcome but, unless the rest of the market reflects the lower cost, it’s a case of ‘same old, same old’ - prices up like a rocket, falling like a feather.”

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