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Fuel prices fall again but rises on cards

Asda has announced it’s to cut petrol and diesel prices by up to 2p, with other supermarkets expected to follow, but the fuel cuts could be short-lived.

Asda has cut fuel prices six times since 26 October

The price cut from Asda – its sixth in as many weeks – means that drivers will pay no more than 114.7ppl on unleaded and 125.7ppl on diesel under its national price cap and follows continued decreases in the wholesale cost.

The news has been greeted by the RAC, which has been urging retailers to cut prices as it say there’s clear proof of them operating ‘rocket and feather’ policies.

Fuel spokesperson Simon Williams said: “Fuel has been overpriced on our forecourts for over a month so while this is another step in the right direction all retailers should have reduced prices far quicker.

“Instead many have capitalised on a chance to make more money while hard-pressed motorists continued to fork out for unnecessarily expensive petrol. We need reductions in the wholesale price to be passed on quickly in the same way increases are when oil is going up.

“Now it’s vital the other supermarkets start to compete with Asda in the way they were doing two months ago.”

He added: “There is, however, a serious cause for concern around the Opec oil producers’ meeting in Vienna today (Friday) as any agreement to curb output could mark the start of rising oil prices again, which is likely to have the effect of pushing up wholesale fuel prices – and in turn the price motorists in the UK pay to fill up.”

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Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 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.