 Asda has already cut petrol prices by 2p a litre |
Supermarket chain Asda has unveiled a fresh round of petrol price reductions - cutting the cost of a litre by 1p. Asda said that from Wednesday the price of unleaded petrol and diesel at its UK forecourts would be 78.9p a litre.
Britain's second biggest grocer cut petrol prices by 2p a litre last Thursday, prompting a wave of similar reductions by rivals.
Asda said its decision had been made possible by the falling cost of oil on the world market.
Petrol pledge
Paul Mancey, Asda's trading director, said: "We all had to pay higher prices when costs went up and we should all be paying less now. Our customers, quite rightly, expect nothing less."
The company operates 150 petrol stations across the UK.
Responding to Asda's announcement, supermarket rival Sainsbury's said it would also be looking to cut prices.
A spokeswoman for the firm said: "In line with our policy of selling the cheapest petrol where we trade, we will be undercutting Asda again."
One-Minute World News 
News services
E-mail this to a friend 
Printable version 
