Fuel Prices Falling: Asda cuts the cost of petrol from today to 120.7p a litre

Motorists will benefit from a cut in petrol prices from today, Tuesday 28th October, as supermarkets around the country reduce the cost of petrol and diesel on the forecourts.

The three ‘major’ supermarkets,  Asda, Tesco and Morrisons have all announced prices cuts reflecting the cost of wholesale oil as it slides to around $85 a barrel

Asda will cap the price of fuel to no more 120.7 pence per litre on unleaded and 124.7 pence per litre for diesel, its lowest fuel prices since Dec 2010.

Great news – we’re cutting fuel prices AGAIN! From 28 Oct prices will fall by up to 2ppl to 120.7ppl (unleaded) and 124.7ppl (diesel)

— Asda (@asda) October 27, 2014

Andy Peake, Asda’s Petrol trading director said:

“Asda has led and will continue to lead on these price cuts as we know how important it is that we pass savings straight back into drivers’ pockets as soon as prices fall. No matter where customers live, they will benefit from the same fuel price with our national price cap of 120.7ppl for unleaded and 124.7ppl for diesel”.

Tesco and Morrisons say they will reduce cost by up to 2p a litre though Asda is the only supermarket to have a national price cap.

The AA’s head of roads policy Paul Watters said:

“Asda’s latest price move is a timely boost for UK families as they see fuel consumption go up with the start of winter driving and the heating being switched on at home.”

Prices on independent price checker petrolprices.com haven’t been updated as of yet to reflect the price drop in supermarkets, the chart below gives an idea of prices around Deeside: