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The petrol price war is back - 3 supermarkets offering the cheapest top-up rates right now

Mirror logo Mirror 04/10/2017 Ruki Sayid
Credits: PA© Provided by Trinity Mirror Shared Services Limited Credits: PA

Supermarket chain Asda has sparked a fresh spate of petrol price wars after a motoring group called for a minimum 2p cut in prices.

Asda was first to react following the demand from the RAC after a drop in fuel wholesale prices.

From Thursday, it will slash 2p from the cost of unleaded which has now fallen to 113.7p a litre with Sainsbury’s and Morrisons quick to follow suit.

But the RAC said petrol retailers could go further and drop unleaded by another 2p a litre.

It revealed wholesale petrol prices tumbled by 6p a litre last month yet millions of motorists were paying over the odds with price rises over three consecutive months from July to September.

And despite the second price drop in less than two weeks, RAC fuel spokesman Simon Williams said: “There is scope for prices to drop further in the next few days.

"The conditions have been right for a further reduction for nearly two weeks so it’s a shame in the interests of price transparency this hasn't come sooner."

While Asda has capped its price at 113.7p for unleaded, the national average is still 119p.

Williams said: “What motorists need now is for every petrol retailer, large and small, to bring down the average price from 119p a litre to 117p."

Asda which fired the first salvo in the latest round of price cuts said it had cut prices by 4p over 12 days and Dave Tryer, head of petrol added: “Today’s latest move shows that Asda is once again leading the way in reducing the price at the pumps.”

Petrol giants had been blasted by the AA for ignoring a downward slide in wholesale costs and using Hurricane Harvey which battered the US, as an excuse to keep prices high.

AA fuel spokesman Luke Bosdet claimed motorists have faced a “miserable start to the autumn” with some fuel retailers “dragging their feet on price cuts as they did in 2005 following Hurricane Katrina”.

He added: “Let’s hope other retailers react quickly to bring down their prices so that drivers don’t have to rely on a postcode or supermarket lottery.”

Steve Mosey, Morrisons’ services director said: “We are responding quickly and aim to be the cheapest retailer in every town that we sell petrol.”

And Sainsbury’s fuel buying manager Izzy Hexter said: “We always aim to provide our customers with fantastic prices and great quality across all of our products and services and we hope this petrol price drop will help put more back in their pockets."

No relief for diesel drivers

Despite the welcome relief for motorists who fill up with unleaded petrol, there is no let-up for diesel car owners as wholesale prices remain high following an increase in demand for heating as temperatures fall.

The UK average for diesel is 120.3p a litre but Asda has capped its price at 116.7p.

The cost of filling up diesel vehicles at both retailers is unchanged. In recent weeks, diesel forecourt prices hit the £1.21 mark, which has not been seen since early May.

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