Asda slashes petrol prices to ‘help motorists save money’

Asda is cutting the price of petrol and diesel in a bid to ‘help motorists save money’ when filling up their tanks.

Britain’s third-largest supermarket has dropped the price of unleaded petrol by 5p per litre and diesel by 3p per litre as it looks to help households trying to keep costs down amid the cost of living crisis and rocketing inflation.

This means drivers will pay an average of £1.74 for a litre of unleaded and £1.85 for a litre of diesel when filling up at one of Asda’s 323 petrol stations across the UK.

The latest reduction means the supermarket has reduced its fuel prices by 9p on unleaded and 7p on diesel since the start of the week.

READ MORE: Asda, Morrisons, Tesco and Sainsbury’s customers warned on petrol prices

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.

“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.”

The move comes amid record fuel prices which have caused protests on motorways and on the back of new research from the RAC which revealed that independent fuel retailers are leading the way on charging “a fair price” for petrol and diesel.

While supermarkets have traditionally been the first to slash fuel prices, the RAC revealed that the average price that retailers pay to buy petrol has fallen by 17p per litre from the start of June. Despite this, pump prices have dropped by “a paltry 4p”.

Retailers were also recently cleared of petrol profiteering by the Competition and Markets Authority (CMA) in its review into the rising costs being seen in the fuel market.

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