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Asda petrol price at four-year low

Petrol prices are set to plunge to a four-year low this weekend, with supermarket Asda knocking 2p off a litre.

The Asda cut, effective from tomorrow, will take its petrol down to 112.7p a litre - the cheapest since October 2010.

Asda is also reducing its diesel by 1p a litre, taking the price to 118.7p a litre.

Amid failling world oil prices, Asda and other supermarkets have introduced a number of fuel reductions over the last few weeks, including some during the last few days.

Asda's petrol was as high as 126.7p a litre on September 28 this year so will have dipped 14p a litre by the time tomorrow's cut comes into effect.

Asda's petrol trading director, Andy Peake, said today: "We know how important it is to pass savings back into motorists' pockets as soon as oil prices fall, which is why this is our 10th price cut since September."


From Belfast Telegraph