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Hopes of price war at the pumps as 4p cut off a litre of petrol

by Abella
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ASDA yesterday reduced fuel by 4p per liter-the lowest price in three years the hope to call on drivers of a full price war.

It means that the average prices at all Asda and Asda Express stores are 132.0p per liter for gasoline and 137.6p per liter for diesel.

On average in the UK, a liter of gasoline costs 138.6p and a liter of diesel is 145.8p.

The prices have not been that low since the Russian invasion of Ukraine, which caused a huge increase due to concern about disruption of deliveries and the sanctions placed on Russia.

It forced British drivers to pay no less than £ 900 million more for fuel at supermarkets thanks to the raised margins, according to the competition markets and watchdog.

But now the oil price has fallen from $ 80 per barrel to less than $ 70 value The dramatic cutbacks are possible after a highlight of six months.

Hopes of price war at the pumps as 4p cut off a litre of petrol

De Hoop is increased from a gasoline price war after ASDA had reduced fuel costs by 4p per liter (file photo) (file photo)

On average in the UK, a liter of gasoline costs 138.6p and a liter of diesel is 145.8p (file photo)

On average in the UK, a liter of gasoline costs 138.6p and a liter of diesel is 145.8p (file photo)

The relocation of Asda has led to speculation that the gasoline prices will be cut by others in an attempt to compete, possibly with 6p per liter for gasoline and 3p per liter for diesel across the board.

Luke Bosdet, from the AA, said that pump prices should have fallen a long time ago.

“We suspect that the retailers, knowing that there was room to lower prices, watched each other locally to see who would admit first,” he added.

ASDA chairman Allan Leighton said: “It is in our DNA to give hard-working customers and their families the best value we can.”

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