Asda cuts petrol and diesel prices – how much does it cost now?

Fuel prices have been breaking records since the start of the year and with the general cost of living on a steep decline, households are struggling to stay financially afloat. However, amid criticism that the ‘big four’ supermarkets have kept their fuel prices incredibly high despite once being the cheapest place to be, Asda announced lower petrol prices and diesel last week to “help motorists save money.”

Among several other petrol suppliers, Tesco, Morrisons, Sainsbury’s and Asda have all been criticized for not cutting costs in line with falling wholesale prices.

But on Friday Asda announced it had cut the cost of its unleaded petrol by 5p per liter and diesel by 3p per litre.

The latest price cut follows an initial reduction of 4pence per liter earlier in the week, meaning the supermarket has cut fuel prices overall by 9pence per liter on petrol and 7p per liter on diesel since the beginning of last week.

Commenting on the price drop, AA fuel price spokesman Luke Bosdet said: ‘Asda’s price movement is impressive, effectively reducing the average price of petrol in the UK by 10 pence per liter. -United.

“That’s potentially a five off a tank discount for those who fill up, compared to artificially high prices on too many big retail forecourts and in too many cities.”

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“First, it was a few dozen small independent squares that showed the big ones. Now Asda has called them in with an average of five cents off the cost of a tank of petrol.

How much will I pay at Asda pumps now?

Asda’s fuel price reduction means that on average you will now pay 174p per liter for unleaded petrol and 185p per liter for diesel.

This puts Asda petrol prices significantly below the UK average, as according to Confused.com’s fuel price index, the current average cost of petrol stands at 187.3 pence per liter , while diesel prices sit at 195 pence per litre.

However, while this is generally a step in the right direction, retailers still have a long way to go and fuel prices still do not fully reflect the market.

RAC fuel spokesman Simon Williams said: “After seven consecutive weeks of falling wholesale prices, we are relieved to see supermarkets finally cutting prices a bit.

“Unfortunately the UK’s largest fuel retailers are not reducing their prices to the scale they should be, given that wholesale prices for both fuels – what retailers pay themselves – have so low.

“This is one of the worst examples we’ve seen of prices at the pump dropping like a feather despite the fall in the wholesale market.

“The weekly wholesale cost of petrol delivered has fallen by 19p since the start of June, from 151p and then to just 132p last week.

“On diesel, the weekly delivered wholesale price fell by 15p per litre, from 161p in mid-June to 146p last week.”

As wholesale prices continue to fall, the RAC is calling on all UK fuel retailers to contribute to the cost of living by passing on some of the savings they receive to drivers.

Mr Williams said: “We continue to call on all major fuel retailers to go much further in reducing their prices in the coming days to ease some of the burden on drivers during what is summer. costliest ever on the roads.”

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While we await further fuel price reductions if and when they do, Express.co.uk has researched the cheapest places in the UK to fill up on petrol and diesel.

The cheapest places to buy petrol and diesel in the UK

According to the Average Fuel Price Index updated weekly by Confused.com, the cheapest place to buy petrol in the UK right now is the Isle of Man at 170.7p.

Lerwick is said to be the second cheapest place on average to buy petrol, at 177.1p.

Belfast comes third at 181.6p for petrol, then Lincoln at 182.8p, followed by Carlisle, reaching 182.6p on average.

The cheapest areas to buy diesel vary slightly.

According to Confused.com, Belfast is the cheapest place in the UK to buy diesel, charging an average of 188p.

The Isle of Man comes second, charging an average of 188.8p for diesel.

Lincoln is third at 190p, followed by Carlisle at 191.5p, then Hereford at 193p for diesel.

Luton, Milton Keynes, Sutton, Salisbury and St Albans are said to be the most expensive places to buy petrol, with charging averages ranging from 190p to 191p per litre.

Luton, Coventry, Reading, Lerwick and Sutton are said to be the most expensive places to buy diesel in the UK, with average prices ranging from 198.4p to 198.1p per litre.

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