Asda lowers its price of fuel

Asda has lowered its price of fuel.

Customers heading to the Newark petrol station will pay no more than 122.7ppl on unleaded.

Asda has now dropped the price of unleaded fuel by up to 5ppl over the last couple of weeks following a 3ppl cut on unleaded on October 26.

The supermarket chain has 319 petrol stations throughout the country.

Asda's Senior Fuel Buyer, Dave Tyrer, said: " Our new national price cap of 122.7ppl will be welcomed by the millions of drivers across the UK. Further decreases in the wholesale market mean we are able to reduce our prices again, seeing our unleaded price dropped by up to 5ppl in just under two weeks.

The AA's fuel price spokesman Luke Bosdet said: “With 4p knocked off the wholesale price of a litre of petrol through October, the AA has watched with dismay as average pump prices have trickled down by barely a penny.

“Some supermarkets have chosen to pass on the savings as money-off offers – but only if you spent £60 or so in store. Asda, as usual, will break the log-jam by cutting prices for all drivers and forcing other forecourts locally to follow suit.

“ Sadly, beyond those areas, the pump prices will stay high as other retailers choose to hang on to the savings they should be passing on to hard-pressed consumers.”