The change will see the price of both fuels drop by 4p per litre at all Asda and Asda Express branded petrol forecourts.
The cuts today mean that the average price at Asda’s forecourts today is 131.96p per litre on unleaded and 137.63p per litre on diesel.
Allan Leighton, Executive Chairman at Asda, said: “At Asda, it’s in our DNA to give hard-working customers and their families the best value we can, no matter how they shop with us.
“This cut in our prices provides real savings when they fill up their cars with us, and they can find more in store too.”
And there was more good news for motorists this morning as the RAC predicted when petrol prices across the country would start to fall again.
Currently, at a six-month high, new analysis has shed some positive light for the next few weeks.
The RAC said average pump prices will come down by at least 6p per litre for petrol and 3p per litre for diesel in the coming weeks.
This is dependent on whether retailers “pass on the savings they are benefitting from when buying in new stock”.
Average fuel prices have reached 139p per litre for petrol and 146p per litre for diesel.
The RAC believes price cuts are possible because the cost of oil has dropped from above 80 US dollars in mid-January to below 70 US dollars.
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RAC head of policy Simon Williams said: “Drivers have had to endure five months of rising prices, so it’s good news wholesale prices have fallen significantly, and forecourt totem signs should soon be reflecting this.
“We expect retailers to start to cut prices this week as more buy-in new supply at lower prices.
“As long as the cost of a barrel of crude oil stays around the 70 US dollar mark, we believe there’s a chance drivers could see petrol heading back down towards 130p a litre.
“As always in a falling market, much will depend on how fully retailers decide to pass on these wholesale savings at the pumps.
“The old ‘rocket and feather’ saying about prices going up like a rocket and falling like a feather will hopefully be proved wrong this time around.”
