The grocer’s new national price of 92.9p a litre will be available at all of its 172 forecourts from today. The move follows the Bank of England’s cut in the interest rate yesterday by a massive 1.5 per cent.
Asda trading director Darren Blackhurst said: “We are seeing further reductions in our cost price, which we’re immediately passing on to all our customers as we continue to lead down the price of petrol. Diesel costs remain high and leave no room for further cuts at this stage.”
The move was soon followed by rival Tesco cutting its prices by 2p. Tesco has a price differential of about 3p a litre, depending where fuel is bought at its 430 UK outlets.
Asda said falling US demand for gasoline has helped push down the price of petrol, whereas diesel costs are remaining steady.
1 Reader's comment