ASDA has slashed the price of fuel by up to 4p from today thanks to a drop in wholesale costs.
The price cut means drivers filling up at an Asda petrol station will pay no more than 124.7p per litre on diesel and 123.7p per litre on unleaded petrol.
It’s the second time in eight days that the supermarket has dropped prices – it cut them by up to 3p per litre on June 6.
So far, it’s the only supermarket to announce cuts but it’s expected that other supermarkets are likely to follow its lead.
Last time Asda announced lower prices, Tesco, Morrisons and Sainsbury’s also cut costs just hours later.
May saw a global 4.3 per cent price increase on fuel compared to the year before, according to Asda’s Income Tracker, the fastest rise since November 2018.
Ways to cut down on your fuel costs
HERE are some tips on how you can slash the cost of fuel
- Make your car more fuel-efficient. You can do this by keeping your tyres inflated, taking the roof rack off, emptying your car of clutter and turning off your air con when driving at lower speeds.
- Find the cheapest fuel prices. PetrolPrices.com and Confused.com allows you to search prices of UK petrol stations. All you need to do is enter in your postcode and tell it how far you want to travel (up to 20 miles).
- Drive more efficiently. Some ways to do this, include:
- Accelerate gradually without over-revving
- Always drive on the highest possible gear
- If you can, allow your car to slow down naturally as your brake is a money burner
- Re-starting your car is expensive, if you can keep moving
Jack Cousens, head of road policy for the AA said: “While Asda show themselves to be a friend at the pumps, others drag their heels favouring the “rocket and feather” approach.
“Low income families who rely on their car need an affordable source of fuel.
“Providing intermittent minimum spend in store for a money off voucher are often out of reach for those who most need it.”
Asda is dropping fuel prices across all 322 of it’s filling up stations – you can find your nearest one here.
Until now, motorists have been hit with price hikes on fuel for four months in a row making petrol 11p a litre more expensive compared to February and diesel 7p pricier on average.
Petrol prices soared by 5p a litre earlier in April which was the biggest increase in 19 years.
The cost of filling up your car varies wildly across the UK with motorists in the South East of England forking out the most for fuel.
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