Supermarkets cut pump prices by 2p a litre
Asda and Morrisons have cut prices for unleaded petrol to 2p a litre and diesel down by 1p a litre.
Asda’s new price cap for its 188 filling stations which mean drivers will not pay more than 132.7 pence per litre for unleaded and 136.7 pence per litre for diesel.
While Asda sets pump prices on a national basis, others charge different figures based on the region. It tends to offer the lowest prices, forcing competitors in areas where it has a petrol station to match its reductions.
Asda’s head of petrol retailers, Jeremy Walton, said to the Daiy Mail: ‘Once again Asda is leading the way in reducing the price at the pump. And unlike others, our price cuts the same across the country, meaning that no-one will pay a premium for their petrol.’
Tesco failed to match Asda and Morrisons. It is to drop prices by 1p a litre at the majority of its forecourts. Sainsbury’s refused to make a specific price cut pledge.