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Asda sparks fresh supermarket fuel price war

Asda is cutting unleaded fuel prices from today in a move likely to see other supermarkets follow suit.

Up to 2ppl have been taken off Asda's national unleaded and diesel prices

Up to 2ppl has been taken off Asda’s national price cap on unleaded

The supermarket giant is taking up to 2ppl off unleaded from its national price cap, which means that drivers across the country will pay no more than 126.7ppl on unleaded.

Luke Bosdet, the AA’s fuel price spokesman, said: “Once again, Asda has to take the lead in passing on fuel savings to drivers. Last weekend, despite three weeks of falling wholesale costs, the pump price of petrol hardly budged below the four year highs that families and businesses have had to endure.”

Earlier this month, the RAC warned that unleaded and diesel are now at their highest level in over four years and said that with the pound at such a low against the dollar, it will only take a moderate rise in the price of oil for some eye-wateringly high prices to be seen at the pumps.

Commenting on the Asda price cut, RAC fuel spokesman Simon Williams said: “While this is clearly good news there is a black cloud looming over UK forecourts as yesterday a barrel of oil hit $82 – a price not seen since November 2014. On top of this it is being predicted oil could rise towards $90 which without a strengthening of the pound could spell much higher prices at the pumps.”

TMC has also warned that a “potentially significant” rise in diesel prices is on the horizon due to the new international rules on ultra-low-sulphur.

 

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.