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Petrol prices cut again

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Leading supermarkets have cut the cost of their petrol again.

Asda, which reduced its petrol by 2p a litre last Saturday, knocked another 1p a litre off its petrol today. This means its petrol will cost no more than 114.7p a litre, with diesel remaining unchanged at 119.7p a litre

Morrisons, which took 2p a litre off its petrol and diesel yesterday, said it was reducing its petrol by a further 1p a litre.

Tesco also cut petrol by 1p from today .

RAC fuel spokesman Simon Williams said: “This is just the kind of Christmas present motorists have been waiting for due to the drop in world oil prices, but it should really be just the start of a series of cuts that motorists can benefit from this month.

“The wholesale prices of both petrol and diesel have reduced dramatically in recent weeks, so much so that there is room for petrol prices to come down by over 8p a litre and diesel by over 6p a litre in the next fortnight.

“We are hopeful motorists will see average petrol prices under 112p a litre, something they will not have seen since February 2010. If this happens the cheapest retailers will no doubt be selling petrol for well under 110p a litre, perhaps even lower.”

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