Asda and Tesco cut fuel prices
In the latest round of supermarket fuel price cuts, Asda and Tesco are the first to announce reductions. Will Sainsbury's and Morrisons follow?
Motorists will get a boost from tomorrow as Asda and Tesco have pledged to cut fuel prices.
Asda issues challenge
Asda was the first to announce it would be cutting the cost of petrol and diesel by up to 2 pence per litre at all 229 of its forecourts.
The supermarket will be enforcing a nationwide cap on the price of fuel, meaning drivers will pay no more than 126.7 pence per litre for petrol and 133.7 pence per litre for diesel.
The latest reduction means diesel will be at its lowest price with the retailer since July 2012.
Andy Peake, Asda’s Petrol Trading Director said: "We've quickly passed on the latest reductions in costs which is great news for motorists, particularly with household budgets so stretched after Christmas".
Tesco first to respond
Tesco quickly followed Asda and matched its pledge to cut fuel prices by up to 2 pence per litre.
The reduction will apply across all 498 of its forecourts and customers can earn Clubcard points when they fill up.
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Price war!
The move from and Asda and Tesco seems likely to spark yet another fuel price war, the last of which was seen in the run up to Christmas.
Morrisons and Sainsbury’s have yet to respond to the move made by its rivals.
How to save on fuel
The latest string of price cuts 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.
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The most economical cars to run
25 ways to cut your car insurance
The best petrol loyalty cards for drivers
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