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Price war at pumps boost for motorists

By Neil Lancefield

Published 15/11/2016

Tesco and Asda have cut up to three pence per litre off fuel prices
Tesco and Asda have cut up to three pence per litre off fuel prices

Tesco and Asda have cut up to three pence per litre off fuel prices.

Asda was the first of the supermarket giants to announce it was cutting prices, with a national cap meaning motorists will be charged no more than 110.7 pence per litre (ppl) for unleaded and 112.7ppl for diesel at its 10 filling stations in Northern Ireland from today.

Tesco started implementing a price cut at its 500 filling stations yesterday.

Government figures show that average fuel prices have reached their highest level since July last year, with motorists being charged 116.6ppl for petrol and 119ppl for diesel. Prices have risen in recent months following a crash in the value of sterling in the wake of the EU referendum.

The RAC claimed that although the reduction in pump prices was "clearly good news", it has come "far too late" as the wholesale price of fuel has been falling along with oil prices since the end of October.

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