Supermarkets cut 2p a litre off fuel price

Asda and Tesco have today announced 2p a litre reductions in the price of both petrol and diesel which takes a litre down to 126.7p and 133.7p respectively.

RAC head of external affairs Pete Williams says: “The supermarkets are helping to brighten up January by knocking 2p a litre off petrol and diesel in reaction to falling wholesale prices.

“Average prices will now start to move downwards again across the country which will ease the burden on motorists. If they were to fall to within just 2p of this new supermarket price then we could see petrol coming down to 128p a litre and diesel to 135p which would be the lowest prices we have seen on forecourts since February 2011. This will no doubt have a positive effect on the economy too as well as lessening the social impact that high fuel prices have on people’s personal lives.”