ASDA is cutting the cost of petrol by 2p from today, sparking a fresh supermarket price war on fuel.
The price cut is the fourth weekend in a row that the budget supermarket is lowering its prices.
Asda is cutting the costs of petrol from todayKeith Campbell – The Sun GlasgowThanks to Asda’s national fuel price cap, the move means motorists across the UK will pay no more than 122.7ppl on unleaded.
Asda says it has now dropped the price of unleaded fuel by up to 5ppl over the last couple of weeks following a 3ppl cut on unleaded on October 26.
The Sun has asked Asda’s supermarket rivals Morrisons, Sainsbury’s and Tesco to clarify whether they’re planning on doing the same, but they couldn’t confirm before the publication of this article.
But the supermarkets have often followed suit in the past, meaning it’s possible they’ll do the same even this time.
Only last week, Asda was the first of the four supermarkets to announce a 2p price cut – and the price cut was quickly matched by the others.
A week earlier, the same thing happened as the budget supermarket cut 1p a litre off unleaded and 2p a litre off diesel.
Asda says the cuts follow a continuing fall in wholesale costs – which is the price it pays for fuel before selling it on.
Ways to cut down on your fuel costs
HERE are some tips on how you can slash the cost of fuel:
Make your car more fuel-efficient. You can do this by keeping your tyres inflated, taking the roof rack off, emptying your car of clutter and turning off your air con when driving at lower speeds.
Find the cheapest fuel prices. PetrolPrices.com and Confused.com allows you to search prices of UK petrol stations. All you need to do is enter in your postcode and tell it how far you want to travel (up to 20 miles).
Drive more efficiently. Some ways to do this, include:
Accelerate gradually without over-revving
Always drive on the highest possible gear
If you can, allow your car to slow down naturally as your brake is a money burner
Re-starting your car is expensive, if you can keep moving
But Simon Williams, fuel spokesperson for Rac, says some supermarkets ares till not cutting the prices fast enough.
He commented: “Fuel has been overpriced on our forecourts for over a month so while this is another step in the right direction all retailers should have reduced prices far quicker.
“Last month we saw the largest drop in petrol prices in four years, but it really should have been far greater than it was due to the dramatic drop in the price of oil.
“Now it’s vital the other supermarkets start to compete with Asda in the way they were doing two months ago.
“Without this other retailers will not bring their prices down quickly enough and the UK average prices will not fall to the level they should be at.”
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This year’s Budget was a welcome boost for motorists as the Chancellor scrapped a 2p a litre fuel duty rise, which was a huge victory for The Sun’s long-running Keep It Down campaign.
We have persuaded successive Chancellors to halt the annual tax raids on motorists, allowing them to keep almost £1,000 now in total since 2010.
Meanwhile, the mega merger between Sainsbury’s and Asda is being investigated over fears it could send petrol prices sky-high.
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