Petrol price war hots upSupermarkets slash fuel prices again

24 August 2006

 

Motorists heading away for a Bank Holiday break will be able to take advantage of the latest skirmishes in the supermarket petrol price war.

Asda prompted the third round of cuts within a fortnight by announcing a 2p-a-litre drop. The chain has cut unleaded petrol to a flat rate of 91.9p a litre and diesel to 93.9p.

Sainsbury's pledged to follow suit by either matching or beating its rival on price while Tesco said it would also match Asda's latest offer.

Third cut

However, Tesco could not put an exact figure on its reductions because it operates a local pricing policy.

Tesco, Asda and Sainsbury's had previously cut fuel prices both last weekend and the previous week and said the reductions were prompted by a fall in the wholesale price of crude oil.

Asda Trading Director Andy Brem said: 'We guarantee that we will be quick to pass on cost savings to our customers and, today, we're delivering again on this commitment by offering the lowest pump prices in the UK.'