Asda Slashes Petrol And Diesel Prices to 99.9p

(Mail) – SUPERMARKET CHAIN ASDA cut its fuel prices to 99.9p per litre today, saying there was ‘no justification’ to charge more than £1 at the pumps.

The price cut was made on petrol and diesel at the company’s 176 forecourts. It is the first time petrol has cost less than £1 since the start of June, saving drivers about £2 to fill up a typical family car, and £2.50 for motorists with diesel vehicles.

Asda commercial director David Miles said: ‘There is no justification for any major retailer selling fuel above £1 per litre — that is why we are delighted to be able to reduce both petrol and diesel to 99.9p per litre for all our customers in line with falling costs.’

The price of a barrel of oil has slumped by more than $10 to about $62 — less than half the level it reached at its height last year.

But despite the fall, oil companies and petrol retailers have again been slow to pass on the savings to motorists.

Yesterday the Government came under pressure to scrap the 2p rise on fuel duty in September to help struggling families and businesses.

Commons leader Harriet Harman said consumers had to be protected from rising prices. She said: ‘I think there is a real concern about the increase in fuel prices, not only the cost of petrol at the pumps; but also the effect on people in their homes and businesses of the increase of the oil price.’

… (31/08/2009) – Fuel Duty To Rise From Midnight

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