Asda cuts fuel to the lowest price since December 2016
Asda’s National Fuel Price Cap Cut Up To 2ppl Bringing Fuel Prices Down To 111.7ppl On Both Unleaded & Diesel
· Asda cuts up to 2ppl off fuel at its 305 filling stations across the country, meaning you will only pay 111.7ppl on both unleaded and diesel.
· Fuel prices are now the lowest since December 2016.
· Prices are effective from Friday 16th June.
LEEDS, England, 2017-Jun-15 — /EPR Retail News/ — Asda today (Thursday 15th June) announced that it will be dropping the price of fuel by up to 2ppl, bringing prices down to a new national price cap of 111.7ppl across both unleaded and at all 305 filling stations.
Effective from tomorrow (Friday 16th June), motorists will benefit from cheaper fuel prices driven by wholesale prices dipping to $48 a barrel. Asda again continues to be the first retailer to cut fuel prices and will be welcomed by the millions of drivers who will be planning the start of their summer holidays.
As the only retailer to have a national price cap in place, no driver will pay more than 111.7ppl for their fuel at any Asda filling station no matter where they fill up.
In Asda’s latest Income Tracker Report (http://corporate.asda.com/newsroom/2017/04/27/income-tracker-march-2017) vehicle fuel, one of the key essential items for consumers, increased by 17% 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.
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 111.7ppl on both unleaded and diesel will be welcomed by the millions of drivers who be starting to plan their summer holidays.”
RAC fuel spokesman Simon Williams said: “This is excellent news for motorists. But it’s particularly good to see a major supermarket reducing the price of diesel in line with petrol as the wholesale costs of both fuels are currently very similar.
“Motorists should now be able to fill up for less and make the most of the weekend’s fantastic summer weather.”
Luke Bosdet, AA spokesman said: “UK average petrol prices have been stuck at around 116.5p a litre for the past six weeks and drivers were wondering when they were going to see the benefit of lower oil prices. Asda’s move will hopefully break the logjam.
“Asda and some of the other supermarkets have been trading at 4p below the national average for some time, making them the go-to places for cheaper fuel.”
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