Supermarkets cut petrol by 3p a litre after ‘weeks of overcharging motorists to fill up’

Asda took the lead over rival supermarkets by cutting its petrol prices first in response to a fall in wholesale costs.

It reduced the price of a litre of unleaded by 3p to £1.23 at its 322 petrol stations with immediate effect on Friday morning. However, diesel remains unchanged at £1.27 per litre.

By 14:30, the remaining big four supermarkets had announced they will all match the reductions over the course of the weekend.

The RAC described the cuts as ‘long overdue’ because ‘drivers have been paying more than they should have for weeks’ as retailers benefited from lower wholesale prices.

Long overdue: The RAC said retailers have been profiting from lower wholesale prices and not reducing the cost of fuel at the pumps for weeks Asda has been commended in recent years for sparking 'fuel price wars' between the big four supermarkets by announcing price cuts that are quickly matched by the rival providers Despite the drop in wholesale prices, average unleaded pump prices have remained virtually unchanged at around £1.28 per litre since mid-July This table shows the difference in wholesale prices paid by retailers and pump prices for motorists over the last month The cost of petrol at Asda's 32 fuel stations have been reduced by 3p a litre to £1.23 with immediate effect. However, diesel remains unchanged at £1.27 per litre The cost of petrol at Asda's 32 fuel stations have been reduced by 3p a litre to £1.23 with immediate effect. However, diesel remains unchanged at £1.27 per litre

The cost of petrol at Asda’s 32 fuel stations have been reduced by 3p a litre to £1.23 with immediate effect. However, diesel remains unchanged at £1.27 per litre

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