Asda has cut fuel prices by 4p per litre at its petrol stations, reducing average prices to 131.96p for unleaded and 137.63p for diesel. This decision supports the goal of providing value to customers, as stated by Executive Chairman Allan Leighton. The RAC forecasts further reductions of 6p for petrol and 3p for diesel as wholesale prices decline. The price drop is linked to a decrease in oil costs, with expectations of prices potentially falling towards 130p per litre if the cost of crude oil remains steady.
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.
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.
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