The supermarket giant Asda has announced they are to reduce the price of petrol by 1p per litre and diesel by 3p per litre from Thursday.
Therefore, drivers are to py no more than £1.27 per litre for petrol and £1.29 for diesel at Asda filling stations.
As a result of the price oil dropping by 9% last month, and a recent drop in their wholesale costs, Asda made the decision for their customers.
Luke Bosdet, AA fuel price spokesman said drivers have been “thrown around on a year-long pump price rollercoaster” with fuel prices fluctuating by up to 10p per litre.
He added, “Families with cars react badly to price shocks, but worse still when falling wholesale prices aren’t reflected at the pump.
“In the past fortnight, wholesale petrol and diesel prices have dropped but average UK pump prices have continued to rise.”
Simon Williams, RAC fuel spokesman said, “Diesel drivers especially will be relieved to see pump prices finally going down instead of up.
“While this is obviously welcome it’s important to realise that the drop-in wholesale costs has been dramatic, meriting far bigger price reductions for both petrol and diesel.
“For this reason, we view this round of cuts very much as a good start. We should really see more in the next week or so.
“We would very much like to see retailers reflect wholesale price reductions more closely.
“This is particularly the case with diesel, which has been a similar price to petrol on the wholesale market for some time, yet is still 5p a litre more expensive on average on the forecourt.”
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