LEEDS, UK, 2017-Mar-14 — /EPR Retail News/ — Drivers will only pay 114.7 ppl on unleaded and 116.7 ppl on diesel at any of the 301 Asda Fuel Stations
- Asda cuts up to 2ppl off fuel at its 301 filling stations across the country, meaning you will only pay 114.7ppl on unleaded and 116.7ppl on diesel
- Prices are effective from Tuesday 14th March
- Asda’s latest income tracker shows that year on year, vehicle fuel has increased by 16.8%, with prices peaking to their highest levels since Dec 2014.
Asda today (Monday 13th March) announced that it will be dropping the price of fuel by up to 2ppl, bringing prices down to a new national price cap of 114.7ppl on unleaded and 116.7ppl on diesel at all 301 filling stations.
Effective from tomorrow (Tuesday 14th March), motorists will benefit from cheaper fuel prices following wholesale prices falling over the last week. The fuel cut will be welcomed by the millions of drivers who have seen fuel prices rise since Brexit due to the sharp fall in the pound.
In Asda’s latest Income Tracker Report (http://bit.ly/2nldIOZ ) vehicle fuel, one of the key essential items for consumers, increased by 16.8% year on year, caused by a combination of currency movement and an increase in worldwide oil prices, along with the continuous rise in inflation to 1.8%. Petrol prices had the largest impact on the rise of the cost of living for families.
This week, Asda are set to drive down prices in the Capital as it opens a petrol station at the Asda store on Old Kent Road, with prices up to 5ppl cheaper than its closest rival.
Asda’s Head of Petrol Trading Dave Tyrer said:
“Today’s latest move shows that Asda is once again leading the way in reducing the price at the pumps to help the millions of motorists across the UK. Our new national price cap of 114.7ppl on unleaded and 116.7ppl on diesel will be welcomed by the millions of drivers who have seen fuel prices climb over the last 12 months”.
RAC fuel spokesman Simon Williams said: “This is the perfect spring gift for motorists to go with longer days and warmer weather. No doubt other retailers will follow suit and we will see prices on every forecourt come down.
“While this cut may come as a surprise to drivers as prices at the pump have been going the wrong way for months, it is has been on the cards for a couple of weeks – we’re very relieved retailers have acted without any need for outside encouragement.
“This price cut was made possible by the fact the oil price has dipped in the last two days of trading, reaching its lowest in nearly four months on news that the US has record crude supplies. Before that the OPEC oil producing countries cuts had been sending fuel prices up.
“This should now help to bring prices down on every forecourt from the 120p average for unleaded and 122p for diesel.”
AA spokesman Luke Bosdet said: “A fall in the oil price from above $55 a barrel to below $52 is now working its way through to the pump.
“However, with the pound’s exchange rate with the dollar remaining volatile, where pump prices eventually end up remains uncertain.
“All the same, falling wholesale prices should shake up petrol pump prices and, initially, competitive non-supermarket forecourts will be the place to look for as much as a £1 off a tank of fuel.
“Asda will knock tuppence off pump prices on Tuesday, reflecting their usual competitiveness, but that can’t be taken for granted with the other supermarkets.”