Asda and Sainsbury’s have announced a further drop in fuel prices as a result of falls in wholesale prices.

Today’s fuel price cut marks the fourth since 26 October for Asda

It follows a series of supermarket fuel price cuts in the wake of calls for retailers to pass on substantial drops in wholesale prices. This includes 15 November when all four big supermarkets committed to cutting up 3ppl off diesel and unleaded.

Today’s move sees Asda cut fuel by up to 2ppl on diesel and 1ppl on unleaded with immediate effect across its network of 319 petrol stations.

The retailer’s new national fuel price cap means that drivers across the country will pay no more than 118.7ppl on unleaded and 129.7ppl on diesel, with the diesel price falling below £1.30 for the first time in three months.

It will be the fourth fuel price drop Asda has led since 26 October, dropping the price of unleaded fuel by up to 9ppl.

Sainsbury’s has also announced that it’s slashing the price of unleaded petrol and diesel for the Black Friday weekend. The price cuts, effective from tomorrow (24 November), take off 1ppl from the price of unleaded petrol and 2ppl for diesel across its 313 forecourts.

RAC fuel spokesperson Simon Williams called for the move to be followed swiftly by other retailers so the UK average price comes down.

He added: “While this is obviously good news, it’s disappointing that it has not come sooner as the wholesale price of petrol has been falling for weeks.”