Asda sparks new supermarket petrol price war with 2p cut

Motoring and Travel

Updated on 24 June 2013 | 11 Comments

A fresh price battle has kicked off among the major UK supermarkets.

Four major supermarkets have entered into a fresh petrol price war.

Asda led the way by announcing it would cut its fuel prices by up to 2p a litre nationwide from tomorrow.

Motorists filling up at any of Asda’s 218 forecourts will pay no more than 130.7 pence per litre for unleaded or 134.7 pence per litre for diesel.

Not to be outdone, Sainsbury’s, Morrisons and Tesco were quick to react and match the 2p reduction.

Fall in costs

Asda said it was making the move after a fall in the wholesale costs of unleaded and diesel.

The supermarket wanted to pass on the benefits to its customers across the country.

Andy Peake, Asda’s Petrol Trading Director said:  “We’re giving our customers the opportunity to fill up their cars with lower priced fuel, putting much needed cash back in their pockets.

"Our national price cap benefits everyone across the country, meaning that no-one filling up at Asda will be forced to pay a premium for their fuel because of where they live.”

Good news

AA president Edmund King said drivers would welcome the news of fuel price reductions at the pumps, as the price of petrol and diesel both crept up by around 1p a litre last month.

He called on all retailers to cut fuel prices to reflect the market price at the pumps

In the AA’s latest June fuel price report unleaded prices stand at 134.6 pence per litre on average while diesel prices are on average 139.2 pence per litre. The price difference between the two fuels has fallen to 4.6 pence per litre.

Cheapest petrol

The latest price war among the supermarkets doesn’t guarantee you are getting the cheapest price on your petrol, so make sure you shop around.

If you want to make sure you are getting the best deal at the pumps read: How to find the cheapest diesel and petrol prices.

More on motoring:

25 ways to cut your car insurance

The best petrol loyalty cards for drivers

Morrisons launches Fuel Saver scheme

The cheapest and most expensive places to buy petrol

The places your car is most likely to suffer pothole damage

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