Further supermarket fuel cuts announced
Asda is to cut fuel prices further from tomorrow, marking its third weekend running of price cuts.
Effective from Saturday 1 December, the move brings a cut of up to 2ppl off Asda’s national price cap on unleaded and diesel, following continued decreases in the wholesale cost.
It means Asda fuel customers will pay no more than 116.7ppl on unleaded and 127.7ppl on diesel and is the fifth fuel price drop Asda has led since 26 October, dropping the price of unleaded fuel by 11ppl and diesel by 7ppl.
Sainsbury’s has also said it’s the price of unleaded and diesel at all its 314 sites by 2 pence per litre from the same date.
RAC fuel spokesperson Simon Williams welcomed the latest fuel price cuts but said the other supermarkets were lagging way behind.
“Asda’s nearest competitor is currently charging 2.5p more for a litre of unleaded whereas the most expensive of the big four supermarket retailers is charging over 4p more per litre. Consequently, the UK average price of petrol is not falling at the rate it should be due to the dip in the value of oil.
“The current UK average price of petrol is 125.43p and 134.41p for diesel. RAC Fuel Watch data shows that this should be at least 8p lower for unleaded and 6p lower for diesel. If retailers do the right thing then it could really soon be Christmas at the pumps.
“The sad reality for drivers is that the majority of fuel retailers are taking advantage of the falling wholesale price by pocketing the savings instead of passing them on at the pumps.”