Asda has announced a price cut of 2p per litre on petrol and diesel amid a drop in wholesale costs.

The supermarket highlighted that it’s the first time their diesel price has fallen below 120p in nearly two years.

The price cut announced today will mean customers pay no more than 116.7p per litre for petrol and 118.7p for diesel.

Dave Tyrer, Asda's senior fuel buyer, said: “Once again we’re pleased to be passing on wholesale cost reductions to customers.

“It will be a welcomed boost, especially to diesel drivers who are seeing some of the lowest fuel prices since 2018.

The new pricing will affect all 322 Asda petrol stations across the country.

Mr Tyrer said: “Anybody filling up at Asda will pay no more than 116.7ppl on unleaded and 118.7ppl on diesel regardless of where they live.”

Morrisons and Sainsbury's have since followed suit, announcing price cuts of up to 2p per litre for petrol and diesel, effective from Thursday and Friday respectively.
Government figures published on Tuesday showed average fuel prices at UK forecourts stood at 123.5 per litre for petrol and 127.7p for diesel.

This is the lowest level for petrol since April 2019, and diesel since May 2018.

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