Supermarket giant Asda has slashed the cost of its petrol and diesel to 99.9p per litre, saying there is ‘little justification’ for charging more than £1 at the pumps.
The price cut is effective from Thursday at each of Asda’s 176 UK forecourts.
Asda commercial director David Miles said: ‘There is no justification for any major retailer selling fuel above £1 per litre – that is why we are delighted to be able to reduce both petrol and diesel to 99.9p per litre for all our customers in line with falling costs.’
And he added: ‘Asda is offering value to all drivers nationwide and we can guarantee all our customers that they’ll get a fair price for their fuel no matter what they fill up with at the pump.’
Petrol and diesel prices
The company said that while diesel prices have previously been higher than petrol, current costs mean that this should no longer be the case.
On Wednesday average prices for petrol and diesel were 103.8p and 105.1p respectively. The price of crude oil has been on the rise in recent months, but it is still less than half the US $140 a barrel level it reached at its height last year.
For expert advice on finding the cheapest petrol, diesel and LPG in your area, read our guide to tracking down the cheapest fuel. To see whether you’re better off driving a petrol or diesel car, check out our petrol v diesel calculator.
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