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Asda, Morrisons And Sainsbury's To Reduce Unleaded And Diesel Prices By Up To 2p Per Litre

Asda, Morrisons And Sainsbury's To Reduce Unleaded And Diesel Prices By Up To 2p Per Litre

Motorists who fill up at the forecourts of any Asda, Morrisons or Sainsbury's petrol stations will be able to take advantage of the cheapest diesel prices in two years.

On top of that, the cost of unleaded petrol is at the lowest it has been since April 2019.

That's because Asda decided that from today it was going to slash 2p per litre off both diesel and petrol at every single one of their 322 petrol stations in the UK.

That means unleaded petrol is now capped at 116.7p per litre, and diesel is now capped at 118.7p per litre.

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Asda is the only supermarket in Great Britain to have a national fuel cap, and they reckon the prices now on offer are the lowest for unleaded petrol in nearly a year, and the lowest for diesel since 2018.

Credit: PA
Credit: PA

The supermarket is also keen to have us know it has cut 9p off their fuel prices since January 2020.

This move from Asda has seen other supermarkets fall into line by reducing their prices as well. It sparked a fuel pump pricing war - during which Morrisons and Sainsbury's agreed they'd match Asda's price drop.

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That means that - on top of the huge list of Asda filling stations - there are 337 Morrisons stores from tomorrow offering up to 2p off unleaded and diesel, and 315 Sainsbury's forecourts will offer the same price drop as of Friday.

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So far, we've had no word from Tesco as to whether it's going to follow suit.

All four supermarket chains did drop prices by as much as 4p per litre back on 5 February.

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This latest price drop comes after fuel-minded motoring groups criticised the major fuel suppliers for not lowering their price per litre in line with drops in wholesale fuel prices.

Luke Bosdet, the fuel price spokesperson for the AA, told The Sun: "This has come as too many forecourts held on to savings from lower wholesale costs feeding through to their pumps.

"Even when Asda announced its second price cut of the year, a 3p-a-litre reduction on Wednesday January 29, it took until the following Monday for the UK average to drop just a penny as other retailers squeezed another weekend's worth of high prices out of consumers."

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Simon Williams, fuel spokesperson for the RAC, added: "The average price of fuel at the big four supermarkets has frustratingly been higher than it should be for the last two weeks.

"This has an adverse knock-on effect on drivers all over the country as smaller retailers have no incentive to compete, meaning everyone who drives loses out on getting a fair price for their fuel."

Featured Image Credit: PA

Topics: UK News, Cars

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Tom Wood

Tom Wood is a LADbible journalist and Twin Peaks enthusiast. Despite having a career in football cut short by a chronic lack of talent, he managed to obtain degrees from both the University of London and Salford. According to his French teacher, at the weekends he mostly likes to play football and go to the park with his brother. Contact Tom on editorial@ladbible.com