Asda today (Monday, November 14) announced that it will be dropping the price of fuel by up to 3ppl, bringing prices down to a new national price cap of 110.7ppl on unleaded and 112.7ppl on diesel at all 277 filling stations.
Effective from tomorrow (Tuesday, November 15), motorists will benefit from cheaper fuel prices following wholesale prices falling over the past month.
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.
Asda’s latest income tracker for September shows that year on year, fuel prices have increased by 1.4 per cent.
This is the first time in more than three years that the data has shown an increase in vehicle fuel prices from the previous year.
This is one of the contributing factors to the plateau in weekly disposable income for families across the UK.
Asda senior director for Petrol Andy Peake 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 110.7ppl on unleaded and 112.7ppl on diesel will be welcomed by the millions of drivers who have seen fuel prices rise since Brexit.”