ASDA has slashed fuel prices for the second time in one week, knocking another 2p per litre off unleaded petrol and 4p per litre off diesel. That means from today, any driver filling up at an Asda pump will pay no more than 118.7p per litre on unleaded and 120.7p per litre on diesel. Morrisons […]
ASDA has slashed fuel prices for the second time in one week, knocking another 2p per litre off unleaded petrol and 4p per litre off diesel.
That means from today, any driver filling up at an Asda pump will pay no more than 118.7p per litre on unleaded and 120.7p per litre on diesel.
Morrisons has also announced an identical price drop in response to Asda, cutting the cost of unleaded by 2p per litre and diesel by 4p per litre.
It comes just seven days after the supermarkets launched their first fuel reduction of the year last week
Asda cut 3p off per litre of both petrol and diesel on Wednesday, January 29, sparking a fresh pump price war.
On the same day, Tesco announced cuts of up to 3p across all of its forecourts.
HERE are some tips on how you can slash the cost of fuel
Morrisons and Sainsbury’s then launched similar price drops which started on January 31.
We’ve asked Tesco and Sainsbury’s if they’re planning further price cuts today and we’ll update this article when we get a response.
It comes after new figures from the RAC today revealed how both petrol and diesel prices have risen across supermarket fuel pumps in January despite a big fall in wholesale costs.
The wholesale price of petrol fell by 4.23p and diesel by 7.5p per litre last month, yet the average pump price increased by 0.92p and 0.96p respectively during the same time.
As of January 30, the average UK price of a litre of unleaded stood at 127.60p while a litre of diesel cost 132.04p.
Wholesale fuel costs fell as oil prices dropped in January due to the coronavirus outbreak in China, which impacted global demand for oil.
RAC’s fuel spokesperson Simon Williams said: “January was a perfect example of ‘rocket and feather’ pricing where prices go up far faster than they come down.”
For drivers look to save some cash at the pumps, Tesco is currently offering 5p a litre off fuel but only if you spend at least £50.
Morrisons offered the same discount on a minimum spend of £40 earlier this month, but this expired on January 19.
Last month, exclusive research by The Sun revealed how drivers are paying extra £5 to fill up as fuel firms refuse to pass on price drops.
Here’s where motorists are forking out the most for their fuel – are you living in an expensive area?
Meanwhile, we round-up ways to cut your fuel costs.
