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Asda kicks off a new price war as it slashes the cost of a litre of petrol by 2p

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Asda kicks off a new price war as it slashes the cost of a litre of petrol by 2p amid claims that retailers are failing to pass on reduced wholesale costs

  • The supermarket giant will drop the price of petrol by 2p per litre from Thursday
  • The price of diesel will drop by 3p per litre
  • The RAC has called on retailers to reflect a drop in wholesale cost of petrol  

Asda is to cut its fuel prices amid claims that retailers are failing to pass on reduced wholesale costs to the customer. 

The supermarket giant will drop the price of diesel by 3p per litre and petrol by 2p per litre from today.

That means drivers using an Asda filling station will pay no more than 121.7p per litre for petrol and 125.7p per litre for diesel. 

The supermarket giant will drop the price of diesel by 3p per litre and petrol by 2p per litre from Thursday

The supermarket giant will drop the price of diesel by 3p per litre and petrol by 2p per litre from Thursday

Asda senior fuel buyer Dave Tyrer said: ‘With wholesale costs falling and half-term just around the corner, we’re pleased to be able lower the cost of fuel and pass these savings on to our customers.’

Earlier this week, the RAC claimed retailers should reflect a drop in the wholesale cost of petrol by reducing prices by 7p per litre.

Oil has been trading at around 60 US dollars a barrel since the beginning of the month, falling at one point to 58 US dollars.

This has caused the wholesale cost of petrol to fall steadily since October 7, according to the RAC.

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Earlier this week, the RAC claimed retailers should reflect a drop in the wholesale cost of petrol by reducing prices by 7p per litre. Asda senior fuel buyer Dave Tyrer said: 'With wholesale costs falling and half-term just around the corner, we're pleased to be able lower the cost of fuel and pass these savings on to our customers

Earlier this week, the RAC claimed retailers should reflect a drop in the wholesale cost of petrol by reducing prices by 7p per litre. Asda senior fuel buyer Dave Tyrer said: ‘With wholesale costs falling and half-term just around the corner, we’re pleased to be able lower the cost of fuel and pass these savings on to our customers

The motoring services firm’s fuel spokesman, Simon Williams, said: ‘Drivers are losing out badly, paying around 7p a litre more for petrol than they should be.

‘This means a driver filling up a 55-litre family car is paying £3.85 too much.

‘For some reason, in the last year or so our biggest retailers haven’t been as transparent with their pricing as they have been in the past, which means motorists all over the country lose out as a result of them taking more margin than they have previously.’

 

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