Asda and Tesco cut fuel prices again

Asda and Tesco have pledged to cut fuel prices from today (14th January).

Asda issues challenge

Asda was the first to announce it would be cutting the cost of petrol and diesel by up to 2p per litre at all 229 of its forecourts.

The supermarket will be enforcing a nationwide cap on the price of fuel, meaning drivers will pay no more than 126.7p per litre for petrol and 133.7p per litre for diesel.

The latest reduction means diesel will be at its lowest price with the retailer since July 2012.

Andy Peake, Asda’s Petrol Trading Director, said: "We've quickly passed on the latest reductions in costs which is great news for motorists, particularly with household budgets so stretched after Christmas".

Tesco first to respond

Tesco quickly followed Asda and matched its pledge to cut fuel prices by up to 2p per litre.

The reduction will apply across all 498 of its forecourts and customers can earn Clubcard points when they fill up.

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Price war!

The move from and Asda and Tesco may spark another round of cuts across all the supermarket chains' petrol stations, the most recent of which was seen in the run up to Christmas.

However, Morrisons and Sainsbury’s have yet to respond to the move made by its rivals.

How to save on fuel

The latest string of price cuts doesn’t guarantee you are getting the cheapest price on your petrol, so make sure you shop around.

If you want to make sure you are getting the best deal at the pumps, take a look at Petrolprices.com, which shows you the cheapest prices in your area.

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