Asda and Tesco cut petrol prices

The cost of petrol is once again being cut at certain supermarkets.

A new round of petrol price cuts has started with Asda and Tesco confirming a drop from Wednesday.

Both supermarkets will cut prices of petrol by an average of 2 pence per litre (ppl) and diesel by 1p per litre across the UK.

Supermarket petrol prices

Asda has enforced a nationwide cap on the price of petrol at its petrol stations, meaning drivers will pay no more than 126.7ppl on petrol and 134.7ppl for diesel, no matter where in the UK they fill up.

Tesco quickly followed Asda's move to cut its prices, confirming an identical price drop at all of its 498 filling stations.

It's a welcome move in the run-up to Christmas, when many of us are facing the prospect of long drives to see family. The cuts have been attributed to the fact that wholesale prices are currently at their lowest level since November.

At the time of writing Morrisons and Sainsbury's had not announced price cuts.

Price falls

In the autumn drivers benefitted from a series of petrol price cuts across the four leading supermarkets Tesco, Asda, Morrisons and Sainsbury’s.

But although today’s news is positive, it only brings prices back to exactly the same level they were after October’s price drop.

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How to save money on petrol

While it’s impossible to do anything about wholesale prices, you can make some small changes to cut the amount you spend on your car.

The website is vital as it lists local petrol stations and the prices they charge. As there is a huge difference between how much retailers charge, checking on the website before you get in your car will save you money.

Keeping your car in good condition, using offers when you see them and cutting the speed of your driving will all help to lower costs.

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