NOTE: This content is old - Published: Friday, Nov 27th, 2015.
Asda say they are cutting fuel prices by four pence per litre this weekend, that will see unleaded tumble below the £1 per litre mark for the first time since 2009
- Drivers filling up at any of Asda’s 273 filling stations across the country will only pay 99.7ppl on unleaded and 103.7 ppl on diesel across the weekend
- 4ppl price cut takes unleaded below £1 – the first time since summer 2009
- Announcement follows Asda’s commitment to invest £26m in savings throughout the festive period
Following the news that the Chancellor held off a price increase on fuel duty, Asda has today, Friday 27th November announced that it will give its customers a seasonal boost on top of the freeze by investing in an exclusive three-day price drop, knocking 4 pence per litre off fuel, meaning unleaded prices drop below the £1 mark to 99.7 pence per litre.
Effective from Friday 27th November until Sunday 29th November, motorists will benefit from cheaper fuel prices throughout the weekend as unleaded falls to a new record eight-year low.
Asda will revert back on Monday to a market leading price of 103.7p on unleaded and 106.7 ppl on diesel.
Commenting on Asda’s fuel cut Steve Gooding, director of the RAC Foundation, said:
“This significant price cut, albeit temporary, is the result of at least two things: sustained lower oil prices which are almost two-thirds lower than 18 months ago and the measures the big four supermarkets are prepared to take to get shoppers into their stores as their market shares decline.
But 37 million drivers won’t be worrying about global economics or the fate of big business; they’ll just be pleased to see a cut in this major area of household expenditure.”
Asda President and CEO, Andy Clarke said:
The Chancellor’s freeze on fuel duty is what our customers were hoping for.
We’re adding a further boost by investing in a three day fuel price drop meaning drivers can now benefit from fuel as low as 99.7ppl in the crucial run-up to the festive period. We’d urge the chancellor to continue with a freeze on fuel duty in the March Budget to help maintain discretionary income levels for families.”
The latest Asda Income Tracker shows that vehicle fuel inflation has dropped -14.1% compared with this time last year in fact at Asda the price has dropped 20p across the same period.