Asda cuts fuel prices amid a fall in wholesale costs - London Business News | Londonlovesbusiness.com
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Asda has reduced fuel prices by 4p per litre for both petrol and diesel, sparked by declining wholesale costs. The average prices are now 132.0p for petrol and 137.6p for diesel. Asda's chairman, Allan Leighton, emphasized the brand’s commitment to providing value to families. The RAC applauded Asda's actions, noting it could encourage other retailers to lower prices. In contrast, the AA highlighted that there has been a long-standing tendency among retailers to monitor competitively instead of reducing prices earlier, affecting consumers negatively.
Asda has cut fuel prices by 4p a litre for petrol and diesel across their forecourts due to a fall in wholesale costs.
Allan Leighton said, "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."
RAC head Simon Williams remarked, "It's great to see Asda leading the way once again with a serious price cut on its forecourts following our call for retailers to pass on savings from lower wholesale costs."
Luke Bosdet, the AA fuel price spokesman, commented, "We suspect that the retailers, knowing that there was room to lower prices, were watching each other locally to see who would budge first."
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