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2p fuel price cuts

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May 4 2012

The total cost of car leasing could be lower over the weekend as Britain's three biggest supermarkets cut 2p off the cost of a litre of fuel ahead of the Bank Holiday break.

Asda began the supermarket petrol price war by announcing that from Friday it was to cut 2p off the price of a litre of fuel - meaning that customers would pay no more than 136.7p a litre for petrol and 141.7p a litre for diesel.

This meant that motorists filling up at Asda forecourts up and down the country are now paying 4p less per litre of fuel than they were doing three weeks ago.

It was not long before Tesco and Sainsbury's followed suit. Sainsbury's and Tesco both confirmed that they would lower their fuel prices by 2p per litre as well.

Unsurprisingly, the news was greeted with enthusiasm by motoring groups. The AA said the move was long overdue but nevertheless welcomed the move.

Asda's petrol trading director Andy Peake said: "It's been a tough year for motorists but today's latest move shows that Asda is once again leading the way in reducing the price at the pump."

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