For the third weekend on the trot – and the fifth time since the end of October – Asda has promised to cut fuel costs at its forecourts.
The supermarket has announced it will trim the price of petrol and diesel by 2p a litre from Saturday 1 December, following continued decreases in wholesale fuel costs.
It means that drivers across the country will pay no more than 116.7p per litre on unleaded and 127.7p on diesel, at one of the supermarket’s 319 filling stations.
The announced sparked Morrisons, Sainsbury’s and Tesco to match the reduction in fuel prices.
More fuel price cuts: Asda has announced it will trim the price of petrol and diesel by 2p a litre from Saturday 1 December in the third pump reduction in three weeks
Asda has been spearheading fuel cuts in the last month, triggering a battle between the supermarkets to reduce petrol and diesel prices to attract more customers.
In fact, Asda has announced five fuel price drops since October 26, which collectively have knocked petrol down by 11p per litre and diesel by 7p.
Confirming the latest reduction, Asda’s senior fuel buyer, Dave Tyrer, said: ‘With Christmas just around the corner, we’re pleased we can do our bit to make our customers’ hard-earned cash go a little further.
‘Our new national price cap of 116.7p per litre on unleaded and 127.7p per litre on diesel will be welcomed by the millions of drivers across the country and put money back in their pockets.’
Asda has cut fuel prices 5 times since October 26, collectively trimming 11p per litre off petrol and 7p off diesel
Previous pump price cuts by Asda in the last month have encouraged the other big four supermarkets to make similar reductions at their forecourts – and it’s been the same story this time around.
Sainsbury’s will match the December 1 reductions, trimming 2p off a litre of unleaded and diesel across all of its 314 forecourts.
David Pegg, fuel buying manager for Sainsbury’s, said: ‘As we head into December and the run up to Christmas we are committed to helping our customers live well for less, whether they’re stocking up on groceries and gifts or refuelling their cars.
‘That’s why we’re dropping the price of both unleaded petrol and diesel by 2p per litre across every single one of our forecourts from tomorrow [Saturday 1 December].’
Sainsbury’s has confirmed it will match the 2p-a-litre fuel cuts from December 1
Tesco has also confirmed it will also cut pump prices by 2p a litre across its 507 filling stations, with Morrisons doing the same across its stores with petrol stations.
Ashley Myers, Morrisons head of fuel, commented: ‘With Christmas just round the corner, this saving will help many motorists afford the cost of the festive season.’
It means motorists filling up at supermarket forecourts will be paying the lowest price for fuel for a year.
Tesco also announced today that it would be working in partnership with VW to install 1,600 free electric car charging points for shoppers at its sites.
Tesco will also trim fuel prices – both petrol and diesel – by 2p a litre from Saturday 1 December at all 507 of its filling stations
Morrisons has also matched the cuts of up to 2p a litre off petrol and diesel. It said motorists who fill up at its forecourts will pay the lowest price for fuel in a year
RAC fuel spokesperson Simon Williams welcomed the news that fuel prices were being reduced for the third weekend in a row and praised Asda for being at the forefront of lowering running costs for car owners.
However, he questioned if supermarkets were really embroiled in a ‘fuel price war’, as live data shows that retailers have plenty of room to pass on more significant savings to drivers.
‘This is yet more good news for motorists but despite Asda cutting their prices regularly the other supermarkets are sadly lagging way behind,’ he said.
‘There is often talk of a supermarket price war over fuel, but this couldn’t be further from the truth at the moment.
‘The current UK average price of petrol is 125.43p and 134.41p for diesel. RAC Fuel Watch data shows that this should be at least 8p lower for unleaded and 6p lower for diesel.
There is often talk of a supermarket price war over fuel, but this couldn’t be further from the truth at the moment.
Simon Williams, RAC fuel spokesman
‘If retailers do the right thing then it could really soon be Christmas at the pumps.
‘Asda’s nearest competitor is currently charging 2.5p more for a litre of unleaded whereas the most expensive of the big four supermarket retailers is charging over 4p more per litre.
‘Consequently, the UK average price of petrol is not falling at the rate it should be due to the dip in the value of oil.
‘The sad reality for drivers is that the majority of fuel retailers are taking advantage of the falling wholesale price by pocketing the savings instead of passing them on at the pumps.’
AA president Edmund King added: ‘With oil down $20 or more per barrel, which is equivalent to at least 10p a litre by the industry’s rule of thumb and confirmed at wholesale level, Asda has once again led the pack.
‘The question then is how quickly and how far other fuel retailers will follow.
‘We need to see the true price of fuel reflected at the pumps as soon as possible.’
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