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.
Asda has slashed the price of both petrol and diesel, making it cheaper for drivers to fill up[/caption]
The new price is available at all of Asda’s 322 petrol stations across the UK, and it comes just seven days after the supermarket launched its first fuel reduction of the year.
Asda cut 3p off per litre of both petrol and diesel last Wednesday, January 29, sparking a fresh pump price war.
In response to Asda, Tesco also announced cuts of up to 3p across all of its forecourts, starting on the same day.
At the same time, Morrisons and Sainsbury’s launched similar price drops which started on January 31.
Ways to cut down on your fuel costs
HERE are some tips on how you can slash the cost of fuel
- Make your car more fuel-efficient. You can do this by keeping your tyres inflated, taking the roof rack off, emptying your car of clutter and turning off your air con when driving at lower speeds.
- Find the cheapest fuel prices. PetrolPrices.com and Confused.com allows you to search prices of UK petrol stations. All you need to do is enter in your postcode and tell it how far you want to travel (up to 20 miles).
- Drive more efficiently. Some ways to do this, include:
- Accelerate gradually without over-revving
- Always drive on the highest possible gear
- If you can, allow your car to slow down naturally as your brake is a money burner
- Re-starting your car is expensive, if you can keep moving
We’ve asked Tesco, Morrisons and Sainsbury’s if they’re planning further price cuts 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.
MORE ON MONEY
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.