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.
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