Asda fuel price move forces 2p a litre cuts from supermarkets

 
Michael Bow
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SUPERMARKET Asda yesterday kicked off a fuel price war after slashing petrol prices by 2p, prompting its big competitors to follow suit.

Sainsbury’s, Morrisons and Tesco all said they would slash fuel prices from this morning, amid a widescale reduction to wholesale costs on diesel and unleaded petrol.

Roadside recovery outfit AA hailed the move and said prices of oil and diesel had crept up 1p over the past month despite smaller wholesale costs, as retailers charged more. AA president Edmund King said: “Drivers will welcome the latest fuel price reductions at the pumps and hope other retailers follow this lead.”

Asda’s petrol trading director Andy Peake said a national price cap from the company meant that no one would be forced to pay a premium because of their postcode.

Tesco, the UK’s biggest fuel retailer, also said it would slash an additional 5p off a litre of petrol or diesel in a bid to win over customers, but only if they spent £50 or more in store. Sainsbury’s said it was “keen to do anything to help” customers save money.