Asda caps unleaded petrol price at 133.7p per litre
PETROL price wars are forecast to rev up again after Asda announced it was cutting the cost of unleaded by up to 2p per litre.
From tomorrow morning, drivers filling up at the supermarket's station in Up Hatherley will find unleaded prices capped at 133.7p per litre.
-
This is a nationwide price cap by Asda, and the news has been welcomed by Cheltenham based family-run firm Bob Lawrance Light Haulage.
Mr Lawrance, 67, drives around 65,000 miles a year, delivering aircraft propellers across Europe.
Sunday and Monday evenings £12.00 per head for an all inclusive meal with Indian and Thai cuisine (normal price £14.50).
Bring this voucher to the restaurant complete with your name and email address on it.
Terms: Expires 31st July
Contact: 01452 223782
Valid until: Wednesday, July 31 2013
He said: "It's obviously a good thing for the average motorist.
"Petrol prices in the UK are ridiculous, so any drop in the cost is very welcome.
"It's particularly good that Asda is capping the petrol price, as in the past prices have gone down one week only to shoot up again a few days later. I'm sure there will be a lot of motorists in Cheltenham who are pleased by this news."
Asda's decision to slash the price follows reductions in the wholesale costs of unleaded petrol.
The supermarket's Diesel price remains at 139.7p per litre, as wholesale costs have not been reduced.
Last month Asda, Morrisons and Waitrose all cut their unleaded price by 3p.
Jeremy Walton, Asda's head of petrol trading, said "We always aim to be the first retailer in each part of the country to drop prices when costs are falling and the last to put them up."
Motorists can check how much they will save on fuel by using Asda's petrol price comparison site your.asda.comfuel-prices, which is powered by independent price checker petrolprices.com
The average cost of fuel was 2.8 per cent higher in September this year than the previous year.
Earlier this year the Office of Fair Trading (OFT) launched a review into whether or not reductions in the price of crude oil were being passed on to motorists.
It will explore a number of claims about how the road fuels sector is functioning, including whether supermarkets and major oil companies are making it more difficult for independent retailers to compete.
Economists have warned the rate of inflation is not likely to fall as rapidly as forecast due to pressure from oil prices.
Comments
by thomas1996
Thursday, October 25 2012, 11:36AM
“THAT'S GREAT..... it's over 4p MORE per litre at 137.9p at Tesco Brockworth. No wonder they have 5p off a litre when you spend over £50.00 promotions!
Every Little Helps.......Tesco!”
by eyeopener
Thursday, October 25 2012, 11:15AM
“@ IsitJimKerr
Perhaps ASDA can explain why only petrol and not diesel is capped?
Your comments are spot on!”
by IsitJimKerr
Thursday, October 25 2012, 11:04AM
“So the differential between petrol and diesel remains significant at 6p, yet we are told that the wholesale price of diesel oil is less than that of petrol.
Given that most customers have petrol cars, and only self-employed generally have a diesel vehicle, they are just playing a game.
Also, it's only going back down to a recent price level, not as though it's cheaper than say five years ago.
This is a marketing ploy, and only those too gullible to realise it will be sucked in.”
by Matt1006
Thursday, October 25 2012, 10:48AM
“...and just to rub it in a bit more with diesel users, I note that the photo above shows a black diesel filler nozzle, rather than a green petrol nozzle which would be more appropriate to the article. Thanks TiG.”
by Matt1006
Thursday, October 25 2012, 9:16AM
“It's not just Asda - it was announced on the news last night that the Big Four supermarkets would all be knocking up to 2p off a litre of petrol from today, following a 4p drop in the wholesale price. So only half the drop passed on to the customer, so more profiteering. But it's only on petrol, no drop on diesel prices, sadly...
http://tinyurl.com/d5jep63
Still don't think this can be called a "price war", as we've seen several such claims made this year, where prices have dropped by 2 or 3p a litre, only to go back on within a few weeks.
And if Asda can have a national price cap, why can't the other supermarkets, or the actual fuel companies? And if Asda can sell at their lower rates, again why can't the others?”
by Bonkim2003
Thursday, October 25 2012, 7:44AM
“Well done ASDA.”