Supermarkets reduce petrol prices
Hard-pressed motorists have been handed some financial respite after the supermarket forecourt war saw three shops cut the price of fuel by up to 3p a litre.
Asda and Sainsbury's made the move on Tuesday and they were set to be joined by Tesco, which is also cutting the price of petrol.
Bosses at Asda revealed that drops in the global price of oil meant that it was able to pass savings on to motorists, who may be able to take advantage of their extra funds by arranging cover for mechanical breakdown.
Asda's forecourts across the nation - of which there are 195 - will now charge motorists no more than 129.7p per litre for unleaded and 134.7p per litre for diesel.
Andy Peake, Asda's director of petrol trading, said: "Motorists will be pleased to know fuel is now at the lowest price in over a year as prices have fallen 11p since their peak in April."
A Sainsbury's spokesman said: "From Tuesday we will be cutting petrol and diesel prices in our petrol stations by up to 3p per litre. Sainsbury's is committed to delivering great value and helping customers cut down on cost wherever possible."
published: 12/06/2012 17:00:00