ASDA today announced that it will be dropping the price of fuel by up to 2ppl, bringing prices down to a new national price cap of 112.7ppl on unleaded and 114.7ppl on diesel at all 301 filling stations.
Effective from tomorrow motorists will benefit from cheaper fuel prices following wholesale prices continuing to fall.
The fuel cut will be welcomed by the millions of drivers who have seen fuel prices rise since Brexit due to the sharp fall in the pound.
In Asda’s latest Income Tracker Report vehicle fuel, one of the key essential items for consumers, increased by 16.8 per cent year on year, caused by a combination of currency movement and an increase in worldwide oil prices, along with the continuous rise in inflation to 1.8 per cent.
Petrol prices had the largest impact on the rise of the cost of living for families.
Asda’s head of petrol trading Dave Tyrer said: "Asda continues to lower fuel prices for the millions of drivers across the UK and for the second week running we’ve dropped the cost of fuel by up to 2ppl, meaning drivers have seen up to a 4ppl drop over the last two weeks. Asda is the only retailer to have a national price cap meaning no driver will pay more than 112.7ppl on unleaded and 114.7ppl on diesel at any Asda filling station."
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