Asda customers will once again benefit from filling up at one of its 322 petrol stations after the supermarket announced, for the second time in a week, they are cutting the price of fuel following continued decreases in wholesale costs. The announcement comes in the same week Asda won the ‘Grocer 33 Price Award’ for the 22nd year in a row.
As of Friday morning any driver filling up at an Asda petrol station will pay no more than 124.7p per litre on diesel and 123.7ppl on unleaded. This is the second price cut in a week led by Asda which has seen the fuel price come down in total by 7ppl on diesel and 4ppl on unleaded since the 6th June.
Asda Senior Fuel Buyer, Dave Tyrer said: “We’re pleased to once again lead another fuel price cut and to help our customers’ hard-earned cash go a little further. When filling up at an Asda petrol station you will pay no more than 124.7ppl on diesel and 123.7ppl on unleaded which will be a welcomed boost for the millions of drivers across the country.
“Compared with a week ago, we’ve saved drivers 7ppl on diesel or £3.85 when filling a 55 litre tank.”
Jack Cousens, head of road policy for the AA says: “Asda are providing drivers a ray of sunshine following a week of stormy weather.
“While Asda show themselves to be a friend at the pumps, others drag their heels favouring the ‘rocket and feather’ approach.
“Low income families who rely on their car need an affordable source of fuel. Providing intermittent minimum spend in store for a money off voucher are often out of reach for those who most need it.”
RAC fuel spokesman Simon Williams said: “Drivers will be grateful that major retailers are responding to falling wholesale fuel costs by cutting the price of petrol and diesel at hundreds of forecourts. We felt the price cut last week didn’t go far enough, and today’s news goes some way towards charging drivers a fairer price when they fill up. It’s particularly significant that diesel will now start to be priced much closer to petrol, which reflects the near-identical prices between the two fuels on the wholesale market.
“Given fuel prices have been climbing steadily since February, it is important that on those occasions when wholesale prices fall significantly that this is quickly reflected at the pumps – even if that is for a relatively brief period.”
In the May Asda Income Tracker it was reported that global fuel price increases have raised costs at the pumps, with a 4.3% year-on-year rise in fuel price inflation, the fastest rise since November 2018, which has hit the cost of essential spending.