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Retailers reduce cost in pump war

By Staff Reporter

Several supermarkets are cutting fuel prices after a reduction in wholesale costs.

In Northern Ireland, Asda and Tesco are reducing the price of petrol and diesel by "up to 2p per litre" from today.

Motorists will pay no more than 114.7p per litre for unleaded petrol and 116.7p for diesel at Asda's 301 filling stations.

It was the first of the retailers to announce a price cut.

The cost of petrol heading to forecourts has fallen by an average 1.7p per litre in the past four weeks, according to the AA.

Last week, wholesale petrol averaged 33.8p, compared with 35.5p in mid-February. Diesel was about 35.5p over the past month.

Latest figures show the average price of petrol in the UK is 120p, while diesel is 122.9p.

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